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Founder of 10x Research: Bitcoin Expected to Reach $88,000 Target Price

2026.05.11 09:06:20

On May 11, 10x Research founder Markus Thielen took to social media to note: “Bitcoin is rallying, driven primarily by spot demand rather than leverage. This dynamic is healthier than the crowded long positions seen early in the cycle. ETFs continue to see inflows, mining-related stocks have surged, and options markets are pricing in a brighter outlook.” More notably, two key catalysts this week are bolstering Bitcoin and the broader altcoin market. Amid rising trading volumes and steady fund inflows, our $88k Bitcoin price target remains within reach. Total crypto market capitalization currently sits at $2.69 trillion—up 2.7% week-over-week—while average weekly trading volume stands at $123 billion, 2% above recent averages.
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The "Big Short" Michael Burry criticizes Buffett’s successor for making aggressive investments when the market is overheated.

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