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Institutions Just ‘Waiting To Buy Up’ Bitcoin, Says MARA CEO

Author: Content Editor
Fred Thiel, CEO of Marathon Digital Holdings, expressed his bullish outlook on Bitcoin in an interview with CNBC. He emphasized the growing institutional interest and a favorable regulatory environment as key factors that could drive the BTC price to new highs. Thiel dismissed the impact of the recent Bitcoin halving and instead attributed the price surge to the introduction of spot ETFs earlier this year. He noted a shift from retail to institutional investments in these ETFs and highlighted the potential impact of political developments, suggesting that a pro-Bitcoin stance from Donald Trump could lead to a more supportive regulatory environment in the US. Thiel also mentioned the market dynamics absorbing selling pressure from long-term holders and stated that significant drawdowns might be a thing of the past in the near term. He predicted that institutional investors would aggressively enter the market. Thiel cited recent actions by major corporations and expressed confidence in Bitcoin's upward trajectory. The news article also mentioned Cantor Fitzgerald's price target adjustment for Marathon Digital Holdings, which recently completed a $1 billion convertible note offering and plans to purchase additional Bitcoin.

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