Marathon Digital CEO Suggests Investing in Bitcoin
According to Fred Thiel, CEO of the largest Bitcoin mining company Marathon Digital (MARA), it to invest a small amount in Bitcoin every month. This suggestion was shared during a recent interview with Fox Business, where Thiel also expressed an extremely optimistic outlook for Bitcoin in 2025.
While Thiel did not specify a particular price target for Bitcoin, he believes that the current regulatory trends point towards continued growth for the cryptocurrency. He also noted that the limited supply of Bitcoin in the market could lead to further price increases in the future due to increased demand.
Thiel believes that the implementation of strategic Bitcoin reserves by countries could also contribute to this trend in 2025. The supply shock of Bitcoin has been a significant factor in its previous bullish cycles.
Currently, there is a low amount of Bitcoin available over the counter, which has remained consistent over the past year.
As demand increases, this supply shock often results in new all-time highs for Bitcoin. This pattern was evident in 2024 when 12 Bitcoin ETFs were approved by the SEC, leading to a surge in institutional demand.
