- Fred Thiel's View on Bitcoin's Value
- Bitcoin as a Reserve Asset for the U.S.
- Marathon Digital's Investments in Bitcoin
Fred Thiel, the CEO of Marathon Digital Holdings, claims that Bitcoin (BTC) represents the perfect asset for governments, banks, and corporations. He compares Bitcoin to the US dollar and Banksy's artwork, emphasizing that their value is based on people's belief in them.
Fred Thiel's View on Bitcoin's Value
Fred Thiel considers Bitcoin (BTC) to be the perfect asset, which can be regarded as 'hard money.' He believes that in the coming years, countries, corporations, and financial institutions will all hold Bitcoin in their reserves. Thiel points out that Bitcoin will become a popular asset for custody and collateral operations, leading to a significant increase in its price.
Bitcoin as a Reserve Asset for the U.S.
The possibility of using Bitcoin (BTC) as a reserve asset for the United States is gaining traction following the launch of spot Bitcoin ETFs. Some experts believe that if this measure is implemented, the government could manipulate Bitcoin's price, which might destroy its advantages as a decentralized currency. Nevertheless, the debate continues.
Marathon Digital's Investments in Bitcoin
Marathon Digital is one of the largest corporate Bitcoin holders. In July 2024, Marathon Digital invested another $100 million in Bitcoin, increasing its total holdings to 20,000 coins, which accounts for nearly 0.1% of all existing Bitcoins.
Fred Thiel and his company Marathon Digital advocate for the use of Bitcoin as an important financial asset. They believe that its limited issuance and growing popularity will contribute to long-term price growth.
Comments