Bitcoin’s (CRYPTO: BTC) price could see a significant increase by the end of the year, according to Fred Thiel, CEO of Marathon Holdings Inc. (NASDAQ:MARA). Thiel predicts that the cryptocurrency could more than double its current value this year.
What Happened: In an interview with CNBC, Thiel shared his optimistic outlook for Bitcoin.
“I think there’s a general consensus that the price of Bitcoin will move up this year to somewhere between $150,000 to $200,000 by the end of this year,” Thiel said.
He noted that substantial Bitcoin sales often attract buying interest, maintaining its price within the $95,000 to $100,000 range.
“I think there is still a big belief that Bitcoin will continue to go up in price. There’s still a lot of demand for the asset by not just retail but also institutional investors,” he added.
Thiel attributes this potential surge to a more favorable regulatory …
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