MARA CEO Fred Thiel Said About A Month Ago That Nations Have Begun To Stockpile Bitcoin — Here’s What The Data Actually Shows
MARA Holdings Inc. (NASDAQ:MARA) CEO Fred Thiel stated about a month ago that countries were loading up on Bitcoin (CRYPTO: BTC) to offset the impact of a weaker dollar. But has this been the case?
What happened: During an interview with entrepreneur and investor Anthony Pompliano dated April 29, Thiel stressed the strategic importance of the U.S. front-running other countries in creating a strategic reserve of Bitcoin.
Thiel argued that the U.S. government intends to “inflate away the debt” by devaluing the dollar.
“The bulk of foreign countries’ reserves are in dollars. If the U.S. is going to take the dollar and devalue it, the last place they want to be is holding a bunch of dollars that are getting worth less every day,” he said.
He added that countries …
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