Fred Thiel Projects Bitcoin’s Bright Future with Significant Price Surge

Coin-Turk 10 months ago 314

Fred Thiel, CEO of Marathon Digital Holdings, expresses an optimistic outlook on the future of Bitcoin (BTC ($87,026.00)) $96,505. He predicts that Bitcoin will begin to rise again from early 2025 until the inauguration of President Donald Trump.

Bitcoin Price Predictions

Thiel anticipates that Bitcoin could see an increase of approximately 108% from current levels in the upcoming months. However, he noted that Bitcoin’s price might drop to levels observed in November 2024 before this surge occurs.

The Impact of Strategic Reserves

The CEO emphasized that the establishment of a strategic Bitcoin reserve by the U.S. would positively affect the cryptocurrency market. He added that if other countries begin to declare similar reserves, the limited supply of Bitcoin would create significant upward pressure on prices.

Thiel pointed out that Bitc...

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