Cryptocurrency Analyst Shifts Stance on Bitcoin Price After Previous Bold Prediction
Tuesday, 16 April 2024, 05:50
Analyst Shifts Stance on Bitcoin Price
Markus Thielen, the founder of 10x Research, has made a notable change in his view on Bitcoin's price direction. Previously predicting a significant rally to $70K, Thielen has now adopted a more cautious stance amidst shifting market dynamics.
Portfolio Adjustment Amid Rising Treasury Yields
As a response to the impact of escalating Treasury yields, Thielen has opted to de-risk his investment portfolio. This strategic move reflects a broader trend in the market as investors navigate volatile conditions and adjust their positions accordingly.
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