Marathon CEO Predicts Bitcoin at $125,000 by 2025

By the end of 2025, the leading cryptocurrency could reach a new high of $125,000, with its price fluctuations becoming “more stable.” This was stated by Marathon Digital CEO Fred Thiel in a podcast with Anthony Pompliano.

“The only unique thing about bitcoin that stocks don’t have is the limited number of coins,” he added.

In his view, the increase in the supply of the digital asset on the market will occur more slowly than that of gold. This will have a significant impact on the cryptocurrency’s price.

Traditionally, halving has laid the groundwork for bitcoin’s growth by offsetting miners’ revenue losses, Thiel believes. The upcoming reward halving will be no exception.

The head of Marathon noted that the emergence of spot bitcoin ETFs in the US is likely to increase liquidity and reduce the asset’s volatility. New instruments will also make the leading cryptocurrency more attractive to institutional investors.

Thiel added that various investment options in bitcoin, including direct ownership, futures, and diversified fund baskets, highlight its growing integration with mainstream financial systems.

The CEO spoke about a new priority for miners—those who mine the leading cryptocurrency are now focused on “energy collection.”

He suggested that in the future, this process will resemble microgrids connecting to “widely dispersed, useless energy sources.” This will ensure more sustainable operations, and the cost of mining itself could potentially become nearly zero.

According to Thiel, the asset’s price and global hash rate are key factors in the bitcoin mining industry. These elements affect miners’ ability to attract capital and the price of equipment.

“Bitcoin is the best investment anyone has made in the last 10–15 years, but the question is, are you ready to tolerate the risk that may arise,” emphasized the Marathon CEO.

Despite all the positives, global geopolitics, the strength of the US dollar, inflation levels, and external factors such as energy prices and trade dynamics still influence the leading cryptocurrency, Thiel stated. These factors, combined with bitcoin’s inherent volatility and unstable hash rate, negatively impact the asset’s adoption.

“I’m not going to predict bitcoin at $1 million by the end of the year. I think it will be a much more modest figure. We will see institutional money start to flow in slowly but surely. Transaction volumes and inflows will grow over time, and all this will have a positive effect on the leading cryptocurrency,” explained the head of the mining company.

By the end of the third or beginning of the fourth quarter of 2024, Thiel expects bitcoin to reach a new all-time high, but then a decline will occur, reducing its price to around $40,000-50,000.

The negative trend will stabilize by early 2025, asserts the Marathon CEO, after which there will be a gradual rise to a new ATH of $120,000.

Earlier, SkyBridge Capital founder Anthony Scaramucci predicted bitcoin at $170,000 by 2025.

A slightly more modest figure of $150,000 was forecasted by Fundstrat co-founder Tom Lee, who believes the asset will reach $500,000 within the next five years.