Bitcoin Is Being Sold Into A Market With ‘Ample Demand’ From Institutions, Says Marathon CEO Fred Thiel
Marathon Holdings (NASDAQ:MARA) CEO, Fred Thiel believes Bitcoin (CRYPTO: BTC) will not see the volatility of the past years, citing multiple factors for his hypothesis.
What Happened: In an appearance on CNBC’s Street Signs show on Monday, Thiel noted that the cryptocurrency’s recent momentum stems from increasing institutional interest, favourable political signals and strategic investments rather than traditional factors like the halving.
Thiel highlighted how the launch of Bitcoin ETFs earlier this year initially attracted retail investors, but institutions, including pension funds and corporations, soon followed, pouring capital into Bitcoin-related equities.
Political support, notably from president-elect Donald Trump‘s pro-Bitcoin stance emphasizing
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