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Cryptocurrency News Articles

Bitcoin Price Prediction for 2025 Is Extremely Bullish: Marathon Digital (MARA) CEO Fred Thiel

Jan 03, 2025 at 09:42 am

Fred Thiel, the CEO of Marathon Digital (MARA), the largest Bitcoin miner, suggests investing a little bit in Bitcoin every month.

Bitcoin Price Prediction for 2025 Is Extremely Bullish: Marathon Digital (MARA) CEO Fred Thiel

The CEO of Marathon Digital (NASDAQ:MARA), Fred Thiel, suggests investing a small amount in Bitcoin every month.

In the latest interview with Fox Business, Thiel shared an extremely bullish and optimistic 2025 for the largest cryptocurrency.

Bitcoin Price Prediction for 2025 Is Extremely Bullish

Although the MARA CEO didn’t give a specific price point for Bitcoin, he said that the regulatory trajectory only points toward growth for BTC. Thiel mentions the potential scarcity of BTC supply in the current market and how this increasing demand could drive prices further up in 2025.

“We are very optimistic about this year. If the strategic Bitcoin reserves happen, lots of other countries will follow suit. Which means somebody has to acquire that Bitcoin from somewhere, because the little amount of Bitcoin that is mined every month, will not be enough. So, you’re going to see price increases there,” said Thiel.

Bitcoin’s supply shock has been a key indicator of its bullish cycle over the years. The number of BTC available over the counter (OTC) is notably low, and it has been so throughout the past year.

When demand goes up, this supply shock sees Bitcoin hit new heights. The same pattern occurred earlier in 2024, after the SEC’s approval of 12 Bitcoin ETFs, which saw institutional demand rally.

So, if the multiple Bitcoin reserves plan goes ahead in 2025, it could create a similar, if not bigger, supply shock. In the past two months, several countries, including major economies such as Russia and Switzerland, have already considered a strategic Bitcoin reserve.

Investing in BTC Every Month

While several advocates of BTC investments have recently emerged, Thiel’s recommendation is definitely the most unorthodox. The MARA CEO suggests that everyone invest small amounts every month in the largest cryptocurrency for long-term cumulative gains.

However, this suggestion is grounded in statistical significance.

“If you look at the past 14 years, Bitcoin has only been down 3 years. Over any period, you can look at Bitcoin and it’s gone up on average between 29% to 50% a year easily. So, my recommendation is to just put a little bit away every month in BTC and forget about it. Just watch,” said Thiel.

Overall, the Marathon Digital CEO is extremely optimistic about Bitcoin’s expanding institutional adoption in 2025. He referred to the earlier news of banking giant Morgan Stanley (NYSE:MS) potentially expanding to crypto and said that more banks will likely follow suit in 2025.

Also, Thiel acknowledged the impact of BlackRock’s (NYSE:BLK) CEO Larry Fink and the company’s Bitcoin ETF IBIT on the asset’s institutional adoption in 2024. Back in November, BlackRock’s Bitcoin ETF surpassed its gold ETF in less than a year of launch.

“The fact that somebody with Lary’s credibility comes out and endorses Bitcoin, and was willing to go toe to toe with Gensler and the SEC was a huge win,” Thiel said.

Thiel also suggested that Trump’s administration and his first-ever presidential crypto council will likely deliver several major developments for the industry in the first few months of operations.

However, Thiel refrained from commenting on whether the president-elect invited him to join the council.

News source:beincrypto.com

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