Bitcoin Price Prediction at $90,000 by Year-End: Markus Thielen
Crypto analyst Markus Thielen forecasts Bitcoin reaching $90,000 by December 2023, while questioning institutional ETF demand and Ethereum's value proposition.
Crypto analyst Markus Thielen forecasts Bitcoin reaching $90,000 by December 2023, while questioning institutional ETF demand and Ethereum's value proposition. Bitcoin (BTC) is trading at $80,094.00, up 3.1% since this brief published. This is an original TLT brief based on reporting by Cointelegraph, with live market data added, as of Wed, 04 Nov 2026 20:15:03 UTC.
Thielen's prediction reflects ongoing speculation about Bitcoin's potential trajectory amid mixed institutional interest and market volatility, while highlighting the need for Ethereum to improve its value proposition for investors.
- Bitcoin predicted to reach $90,000 by year-end by Markus Thielen.
- Thielen questions the impact of institutional ETF demand on Bitcoin's price.
- Ethereum needs to enhance its value proposition for holders, according to Thielen.
- Bitcoin currently trades at $77,673 with a 24h gain of 0.34%.
Crypto analyst Markus Thielen has forecasted that 
Bitcoin will reach $90,000 by the end of 2023. This prediction comes amid a period of market volatility and mixed institutional interest in cryptocurrencies.
Thielen has questioned the impact of institutional ETF demand on Bitcoin's price, suggesting that other factors may be more influential in driving its value. This perspective adds a layer of complexity to the ongoing debate about the role of institutional investment in the crypto market.
In addition to his Bitcoin prediction, Thielen has criticized 
Ethereum for not providing enough value to its holders. He implies that Ethereum needs to enhance its offerings to maintain and attract investor interest, highlighting a potential area of focus for the cryptocurrency.
The current market context shows Bitcoin trading at $77,673, with a 24-hour gain of 0.34% and a 7-day decline of 3.49%. Ethereum is also experiencing a slight uptick, currently priced at $2,295.21 with a 24-hour increase of 1.23% and a 7-day decrease of 2.07%.
The total crypto market cap stands at $2.67 trillion, with the overall market remaining relatively flat. The Fear & Greed Index is at 26, indicating a state of 'Fear' among investors.
Since this brief published about 27 hours ago, Bitcoin (BTC) has moved from $77,673.00 to $80,094.00 — +3.12%, a notable move.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦110.73M (about $80,094.00), up 3.2% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Bitcoin Price Prediction at $90,000 by Year-End: Markus Thie — questions & answers
What is Markus Thielen's Bitcoin price prediction for 2023?
Markus Thielen predicts Bitcoin will reach $90,000 by the end of 2023.
Why does Markus Thielen doubt the impact of institutional ETF demand on Bitcoin's price?
Thielen believes other factors may be more significant in driving Bitcoin's price than institutional ETF demand.
What does Markus Thielen say about Ethereum?
Thielen criticizes Ethereum for not providing enough value to its holders, suggesting it needs to improve its offerings.
How much is 1 Bitcoin worth in naira today?
About ₦110.73M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $80,094.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 3.12% since this brief first published — trading at $80,094.00 now versus $77,673.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cointelegraph. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.