Fred Thiel, the CEO of Marathon Digital, a Bitcoin mining giant, is extremely bullish on Bitcoin and predicts it can reach $200K in 2025. BTC is currently trading around the $97,000 mark, which means it can double from current prices as per Fred.
The CEO credits a pro-crypto regulatory environment post the appointment of Trump as a major driving force behind Bitcoin.
As debanking gradually ends, an increasing number of banks will be able to serve crypto startups. This would encourage more businesses to put BTC on their balance sheets.
As demand increases, so does the price. Now, unlike gold and silver, you can’t just extract BTC out of thin air. The supply is only limited to 21M coins. If businesses start holding Bitcoin, the prices are bound to increase.
Furthermore, there are talks of various US states leaning towards building a Bitcoin reserve. If the idea does go through, another 1% of the su ..
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