Fred Thiel, CEO of MARA Holdings, predicts that Bitcoin (BTC) could reach a value of $200,000 by the end of 2025. In a wide-ranging conversation with David Lin, he discussed the factors supporting this potential growth, including increasing institutional interest, limited Bitcoin supply, and emerging strategic initiatives from governments.
Price development and prospects
Thiel emphasized that Bitcoin’s recent rise was partly driven by the US presidential election and strategic investments. However, he expects the price could fall to the high $80,000s or low $90,000s in the short term before a strong recovery move pushes Bitcoin towards $200,000. He points to increasing demand from institutional investors and limited Bitcoin supply as driving forces behind the expected price increase.
Strategic Bitcoin reserves
Thiel discussed the idea of Bitcoin as a strategic reserve, inspired by countries such as Russia. He suggested that the United States could follow a similar strategy, using seized Bitcoin as a starting point for a national reserve. With increasing competition between countries for Bitcoin reserves, this could position the US strategically.
Institutional adoption
Thiel highlighted the growing popularity of Bitcoin ETFs and the fact that they have been accumulating assets faster than gold ETFs in their early years. He noted that pension funds and sovereign wealth funds are now allocating small percentages of their portfolios to Bitcoin, which he believes will contribute to further price increases.
Innovations in mining
Marathon Digital, led by Thiel, continues to invest in sustainable energy sources and innovative technologies to improve the efficiency of Bitcoin mining. Thiel described how the company leverages renewable energy such as wind and flare gas, and how liquid cooling technology improves performance and environmental impacts. These strategies help Marathon reduce operating costs and maintain a long-term position in the industry.
Take the long view
Thiel underlined the importance of a long-term vision, both for Bitcoin and for the mining industry. He sees Bitcoin as a strategic financial instrument with enormous growth potential. Marathon Digital continues to focus on cost reduction, innovation and expanding its business to stay ahead of the competition.
With this approach, Thiel expects both Bitcoin and his company to continue to thrive in an increasingly competitive market in the coming years.
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Source: https://newsbit.nl/mara-holdings-ceo-voorspelt-bitcoin-prijs-van-200-000-in-2025/