Marathon Digital CEO Predicts Bitcoin Could Reach $200K by 2025
Fred Thiel, CEO of Marathon Digital, predicts Bitcoin (BTC) could reach $200,000 by 2025. Currently trading around $97,000, this would require a doubling in price. Key points include:
- A pro-crypto regulatory environment is expected post-Trump's appointment.
- As debanking ends, more banks will serve crypto startups, encouraging BTC adoption.
- The total supply of BTC is limited to 21 million coins, which could drive prices higher as demand increases.
- US states are considering building Bitcoin reserves, potentially requiring an additional 1% of the supply.
Despite this bullish outlook, Thiel notes that upcoming tariff wars initiated by Trump may create market volatility. BTC fell to around $91,000 following previous tariff announcements, and similar fluctuations may occur soon. Analysts still maintain a positive long-term view for Bitcoin.
Investors are advised to explore emerging cryptocurrencies during this period of expected volatility.