Fred Thiel, CEO of Marathon Digital Holdings (Mara), a leading Bitcoin mining company, says Bitcoin had hit $200,000 by the end of 2025. In a recent interview, he explains why and urges retail investors to take a long-term approach.
Thiel believes the road to $200,000 is people who understand institutional adoption, regulatory changes and the value of Bitcoin. He’s seen a short-term fix that bouncing off Bitcoin to $80,000 or low $90,000.
Thiel said to David Lynn:
“I think the majority of people looking at Bitcoin prices are looking forward to a return to growth that is as low as $90,000, high as $80,000 and close to $200,000 by the end of next year.”
Thiel points out that institutional interest is a major driver of Bitcoin prices. Bitcoin ETFs, approved in 2024, have already collected more assets in their first year than Gold ETFs have done within 20 years.
Related: BlackRock’s IBIT sets record as “large release in ETF history”
And the idea of a “strategic Bitcoin Reserve” has attracted more attention. Thiel says Russia and Switzerland are considering Bitcoin reserves to diversify away from the US dollar. If the US is the same, it causes a big price movement.
“If strategic preparations are announced (by the US), it will encourage a relatively large push. If other countries start to announce spares… there will be a bitcoin supply again,” Thiel said. .
There are only 21 million bitcoins to run, but Thiel sees it as a huge plus. Only 20 million people have been mined so far, most of them are lost keys or dormant wallets.
Thiel also said that if the pension fund and sovereign wealth fund allocate 1% or 2% to Bitcoin, it would be a big demand driver. His message to retail investors is simple. Long term and get Bitcoin! Invest small amounts regularly and grow.
“Don’t just clean up a bit of it every month with Bitcoin and forget about it. Over time, it will grow,” he said. Thiel said Bitcoin has only dropped three times a year in the last 14 years, with an average annual increase ranging from 29% to 50%.
As the biggest bitcoin miner, all marathons take part in Bitcoin. The company currently holds 44,893 BTC worth approximately $4.3 billion. It also recently increased its mining capacity to 53.2 exhaush per second, showing a 15% increase.
Mara uses renewable energy sources such as wind and flare gas to reduce costs and environmental impact. The company uses liquid cooling to improve mining efficiency and reduce energy consumption.
Thiel’s optimism shows how bullish he is in 2025. He believes the new Trump administration will become more accessible to rare digital assets. He said that David Sachs joins the new administration as a Bitcoin advocate, which will help shape Pro Bitcoin’s policy.
Thiel is definitely not alone in his optimism. Michael Saylor recently asked his followers how they would proceed with 2025, with 77.7% of respondents saying they plan to buy more Bitcoin.
