Fred Thiel, CEO of Marathon Digital, is optimistic about Bitcoin's future, suggesting that the leading cryptocurrency could see its value more than double by the end of 2025.
Thiel predicts that Bitcoin’s price may rise to anywhere between $150,000 and $200,000, citing strong market demand from both institutional and retail investors.
He points out that whenever significant selling pressure hits Bitcoin, buyers are quick to step in, maintaining the price within the $95,000 to $100,000 range. Thiel believes this shows a strong, sustained belief in Bitcoin’s long-term price appreciation.
In addition to growing demand, Thiel sees favorable regulatory changes as a key factor in driving Bitcoin’s price higher. He envisions banks eventually offering crypto custody and lending services, which would encourage more corporations to add Bitcoin to their balance sheets.
While he expects only modest allocations from businesses—around 1% to 2% of their liquid assets—the effect on Bitcoin’s price could be significant. Thiel also highlights Bitcoin’s scarcity, noting that with only 21 million coins in existence, the limited supply is a fundamental driver of price increases.
Thiel also mentions the potential impact of government-backed Bitcoin reserves, which could further increase demand. If the U.S. were to create a Bitcoin Strategic Reserve, it would require approximately 1 million Bitcoin, potentially boosting the price. With other nations possibly following suit, Thiel believes this could lead to continued upward momentum for Bitcoin’s value.
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