Marathon Digital CEO Fred Thiel, Bitcoin $96,228.6He shared his optimistic views on CNBC that his value may increase more than twice as much as the existing level until the end of the year. The company manager said that the price of Bitcoin will move upwards from the range, while maintaining around $ 100,000.
Regulation and Corporate Approaches
Thiel believes that the regulation environment in the United States becomes more friendly, the fact that large banks in the field of finance can guarantee digital assets and make transactions with them will increase the price of bitcoin. In addition, these developments are expected to lead them to include Bitcoin in the balance sheet positions of institutions.
The effect of limited supply
CEO, Bitcoin’s limited to a total of 21 million units, will be an important factor supporting the increase in value, he said. Today, 20 million circulating Bitcoin is expected to gain value over time due to increasing institutional and individual demand and famine. It is stated that the US plan to create Bitcoin strategic reserve may be positively reflected on the market.
Fred Thiel’s statements draw attention to the increasing institutional demand for digital assets as well as developments in the field of regulation. According to the predictions of the company manager, institutions will be able to devote a small portion of their cash assets to Bitcoin as an alternative investment instrument. Thus, the limited amount of Bitcoin available in the market may put pressure on the value.
Fred Thiel: “There is a general opinion that Bitcoin’s price will be between $ 150,000 to $ 200,000 at the end of the year. Even when large sales are realized, the fact that buyers keep the price between $ 95,000 and $ 100,000 when entering the market is an indication that the demand will continue. In addition, the provision of digital asset services of banks and the inclusion of corporate investors on the market will carry the price of Bitcoin. ”
These assessments of the market point to the increasing interest of both individual and corporate investors towards digital assets. Experts evaluate that the developing regulation environment and the concept of limited supply may have an impact on digital asset markets in the long run.
In general, Fred Thiel’s statements reflect the view that the demand for Bitcoin will be supported, considering market dynamics and increasing interest of corporate investors. Additional evaluations are presented to investors in order to provide information to follow market developments and provide risk management.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
