Marathon Digital CEO Makes Bold Bitcoin Prediction for 2025

Marathon Digital Holdings CEO Fred Thiel is optimistic about Bitcoin’s future, predicting a significant rally in 2025.

In a recent interview, Thiel suggested that Bitcoin could see a correction before embarking on a strong upward trajectory, fueled by growing demand and potential geopolitical developments.

Thiel anticipates that Bitcoin might briefly dip to the low $90,000s or high $80,000s, levels last seen in November 2024. However, he expects the cryptocurrency to rebound sharply, possibly surging by 108% and approaching $200,000 by late 2025. This projection aligns with the increasing sidelined demand for Bitcoin, according to the Marathon CEO.

A potential game-changer, Thiel noted, could be the U.S. establishing a strategic Bitcoin reserve. Such a move could act as a major catalyst for price growth, especially if other nations follow suit. With Bitcoin’s supply capped at 21 million and roughly 20 million already mined, Thiel emphasized the scarcity of available coins. Additionally, millions of Bitcoin are considered lost or locked in inaccessible wallets, further tightening supply.

The rise of institutional interest adds another layer of demand. Thiel highlighted the rapid growth of Bitcoin ETFs, which in just a year have accumulated more assets under management than gold ETFs managed in two decades. He also pointed to the potential impact of pension funds allocating a small percentage of their portfolios to Bitcoin, which could further amplify the cryptocurrency’s value.

Thiel’s bullish outlook reflects his confidence in Bitcoin’s scarcity-driven dynamics and the increasing role of institutional and governmental adoption in driving long-term growth.