Markus Thielen: The Matrixport Analyst Who Predicted Bitcoin ETF Rejection

How likely is it that Matrixport’s recent prediction caused Bitcoin to tumble from $45k last Wednesday? Who was the analyst that made such a prediction and why does he matter ?

Markus Thielen, the Matrixport crypto analyst, who recently predicted a looming SEC rejection of the Bitcoin ETF applications, spoke from a place of profound insight, but sadly, the crypto community is not always prepared for a Doom’s day report. 

In fairness to Matrixport, Markus’ commentary only served as a cautionary tale in anticipation of the worst treatment that the  antagonistic SEC could offer the crypto community and it could not have triggered the recent price decline.

In other words, his words sounded like ‘be prepared for another round of SEC’s freewheeling adventure but don't let it weigh you down’. 

Speaking to CoinDesk Wednesday, Markus said openly what no one could say directly, with the same vigor that has put him on the spotlight since he accurately predicted Bitcoin reaching $45k last December.

"An ETF would certainly enable crypto overall to take off, and based on Gensler’s comments in December 2023, he still sees this industry in need of more stringent compliance," the Matrixport report by Markus read. 

Markus’ rising profile in crypto is all thanks to many of his brilliant and insightful analysis of the events and trends in the growing crypto economy, especially on the ongoing SEC v Crypto debacle. 

Although many observers attributed the recent price drop to Matrixport's bleak outlook on SEC widely anticipated approval of Bitcoin spot ETF applications, there might be a compelling reason to believe it is not its major trigger. 

Rating Markus Thielen

One can arrive at a great estimation of Markus Thielen based on his profound contributions to crypto research and analysis. It is without contention that he is one of the towering intellectual figures in this field. 

When I first met him on LinkedIn, I was awed by his in-depth understanding and analysis of the crypto market and it was as though I had met the Nostradamus of the crypto world. 

As a journalist in search of compelling crypto stories, I offered to interview Markus for HackerNoon and I sent an invitation that he promptly honored. In May, I finally had the chance to interview Markus about his new book, Crypto Titans, where he tells the story of ‘how trillions were made and billions lost in the cryptocurrency markets’.

It was a great interview read by over 500 people on HackerNoon and in July 2023, I finally took delivery of the free copy that Markus sent me after the interview. Just as Markus is one the wide ranging crypto analysts in this space, his latest book, The Crypto Titans, is one the most outstanding works on the history of cryptocurrency that I have ever read.