Will Bitcoin Price Skyrocket Or Collapse Post-Halving? | Marathon Digital CEO Fred Thiel
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- เผยแพร่เมื่อ 15 พ.ค. 2024
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Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ: MARA), discusses what is likely to happen with the Bitcoin price, as well as Bitcoin miners, after the Bitcoin halving in April.
*This video was recorded on March 27, 2024
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Twitter (@fgthiel): / fgthiel
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:50 - Why did Bitcoin rally?
4:40 - Long-term Bitcoin outlook
11:08 - FASB accounting change
14:39 - Developments on Bitcoin
17:00 - Can miners control Bitcoin?
21:50 - Bitcoin mining and halving
24:37 - Bitcoin price post-halving
27:47 - Energy commodities and Bitcoin
32:50 - Bitcoin mining costs
#bitcoin #crypto #investing
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What is your Bitcoin halving price prediction? Comment below and don't forget to subscribe!
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FOLLOW FRED THIEL:
Website: www.mara.com/
Twitter (@fgthiel): twitter.com/fgthiel
The question is: will BTC miners 🚀 or collapse post-halving?
I think Charlie Munger had it right. Shit Coin.
77k . You do a live stream playing the Violin with the BTC chart in the background
@@PonziZombieKiller Yeah but he dead now.
I think $87k by September based on nothing.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
Sincerely speaking. I will continue to trade and stick to katherine Flores daily signals and guides as long as it works well for me.
Woah for real? I'm so excited. Katherine Flores strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
I'm new at this, please how can I reach her?
As a newbie about to invest, you must have these four things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with a financial advise like Ryan Donald.....
SCAMMER BOTS HAVING PRETEND CONVERSATIONS AGAIN
Te/e gram
@Ryanstrategy THAT IS HIS USER NAME
please make sure you write the USER NAME complete and He's verified
Nice video. Can you offer advice on how to make profits in Bitcoin or Forex investments? I've been dealing with continuous losses in my account.
Investing without a solid understanding of the market is ill-advised. I suggest seeking advice from Expert Rosie for guidance.
It's quite a coincidence. Rosie has also been overseeing my trades, and her strategies are truly remarkable.
Rosie's strategy stands out as the most effective among other experts. Many others are not dependable.
When someone is direct and proficient in their work, others will always advocate for them. In my opinion, I would recommend giving expert Rosie Harley a chance, and you'll be glad you did.
Rosie has cemented her status as an elite trader in market analysis, delivering precise signals that seamlessly fit into your everyday trading plans.
First time I’ve heard a bitcoin miner just get straight to the point without the fluff and narrative pumping - just straight facts on the logistics
David is an exceptional interviewer.
Always has been. His former Colleage Michelle Makori is just as good
I keep being impressed by Thiel. Feet firmly on the ground, no hyperbole.
LOL, ME THINKS IN FUTURE, MINERS come together, and Node holders come together for ULTIMATE RUGPULL, For now, lets just profit.. Future is not going to be HAPPY DAYS....
Great interview. Fred was very clear, concise and factual. This is education at its best.
Are you serious?????
29:50
This guy is absolutely full ofshit to try to claim;
1. solar wind energy and any other "renewables" ("marginal cost" or not) and what was the new term "true stranded energy" are free
Was he out the day Germany and most of Europe dove head first into renewables cult pool, gave up their national security and became dependent on a dictator and wound up paying 10 times the price for energy a year of so ago?
and worse
2, that shitcoin can be mined for zero energy cost by using biomass, credits or whatever, and/or reselling the heat generated.
We have power companies/industries all over the US and the world who generate power for a living.
I suspect they're a little smarter than your typical shitcoin cult member.
Does thisMoron think they haven't developed, tried and are currently using all cost reducing measures to generate electricity?
Does this shitcoin cult member think everyone outside the shitcoin cult isStupid???
3, physics says there are no perpetual motion machines,.. that is no energy generation or transformation is 100% efficient
To think you can gather heat from servers and sell that to some buyer is shitforbrains stupid.
The equipment to collect and to maintain it would cost something I suspect more than what you'd get for the energy sold (and therefore why it's not being done),.... let alone the conversion process again is not 100% efficient or anywhere near it.
We won't mention shitcoin has no intrinsic value,.. it's volatile (it doesn't "grow in value 30% per year",.. in varies in value based on the greater fool several hundred percent per year),.. so useless as a store of value or a monetary exchange.
It pays no interest or dividends,...
It's not a hedge against inflation or geopolitical disruptions.
Cryptos are fraught with scandal and ponzi scheme failures/
Sam Fried is going toprison for his shitcoin scandal,..
As Jim Rickards says,.. it's a casino chip. Once you take it of the the casino (the shitcoin cult world) and try to use it on main street it's worthless.
If you think fiats are bad then shitcoin is fiat to an exponential.
It's the modern day fools gold,.. and/or Tulip Bulb bubble,.. worse,... it's electrons made up in some unknown person's garage.
Dogecoin was made up as a joke and yet it is traded as a "coin".
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time.[3] It is considered both the first "meme coin", and more specifically the first "dog coin". Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of the Shiba Inu dog from the "doge" meme as its logo and namesake.[4][5][6] It was introduced on December 6, 2013, and quickly developed its own online community, reaching a peak market capitalization of over US$85 billion[a] on May 5, 2021
The live Dogecoin price today is $0.210246 USD with a 24-hour trading volume of $2,764,958,534 USD. We update our DOGE to USD price in real-time. Dogecoin is down 2.62% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $30,207,851,565 USD.
He's wrong though. You can't fork bitcoin with 51% of the nodes, you can fork it with ONE NODE. He's thinking of a 51% attack. If one person decides to change the name of bitcoin to BobCoin, he can do that. It's just that nobody else would join him.
Good point. I missed that slip up.
David has really matured since his early days at Kitco. I think many of us grew up after Celsius , FTX, and others exploded.
If someone wants to understand mining, Thiel is the man to listen to.
Thank you for this interview.
He looks like /reminds me of godzilla
I e been listening to Bitcoin podcasts for ages!! Ive listened to this fella before, but today was excellent!! A few pennies dropped for me today!! He explained things very well today in my opinion!! I'm always learning different things about Bitcoin!! Its an old saying.....but, what a rabbit hole we're going down!! It amazes me every day!! Bitcoin is hope!! Good luck everyone! Cheers
Quit wasting our exclamation points!
@@goldilocksminer8393 ha ha, I reckon!!!!!!
@@goldilocksminer8393 mans excited. Let man be 😂
Even if btc goes to zero, we'll still have a ton of knowledge. Can't believe how much i've learned. Most people have no idea what inflation is
@@dustx it can't go to zero literally. That is impossible.
oh wow, this interview got so much info here bout btc, Gotta to re-watch again & again, thanks alot for interviewing this man )
Amamazing interview bro, thanks a lot!
Excelent interview. It helped me to understand so many things. Thank you to you both
omg really apprec Freds honesty and not over inflation
i dont think hes being honest. he doesnt truly believe we are ending 2024 at 50-100k
@@zleereedas a miner he benefits if the price goes up so he’s all the more trustworthy.
Hi David thank you for what you do. Would you consider improving the shows audio quality?
Thanks David for having Fred on!
A great deal of sage wisdom from this man. Brilliant interview.
Fred knows his stuff. Easy to understand as well. 👍
Man this guy yeah! Wow learned so much in this real world examples
Outstanding guest and amazing interview ❤
Great interview
Great questions David !
Sick show David! Thank you
Amazing interview. Great questions from the host! I'm glad I clicked.
~~Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
Can’t be too careful with scammers. Don’t give your cash to anyone who recommends a name on TH-cam comment section. These people are pumping channels and are downright crooks. Research opening a Coinbase account which is relatively safe and I stick to 3 coins. Bitcoin, Etherium and Solana. It’s still a major risk but please be careful and watch out for influencers. Last but not least, stay realistic and only invest what you can afford to lose. It also makes money over time, so there’s no quick buck but you can make a decent profit if you’re patient. I’ve been an investor since 2018 and I made almost 1m. I did however start out with around 300k
Would be really interesting if there’s any evidence that what she’s saying is based on facts. Careful.
So sick of the obvious scams. Stop ✋
@@jacksonmcminn6794 I’ve been in crypto since 2018 and I fell for a few scams in the early days. I’m concerned that the scammers popping out of the woodwork will cost a lot of people their hard earned savings again. You can make money on crypto as a long term investment but it’s sickening to see these scammers back at it again.
That was a good interview. Very informative.
That was an absolute inspiring deep dive into the strategic implications of BTC mining. A clear, concise, well-spoken industry practitioner who really opened up and elevated the view on potential uses of BTC and BTC-mining. What a breath of fresh air. And David, as always, well prepared and putting the right questions. Well done. Thx for providing insight like that for free. Only slight critic: I could have listened to that for 2 hours or more. Well, no critic, just another way of expressing gratitude.
excellent explanations, thx a lot Mr. Thiel!!!
Great interview and guest👍👍. Good questions, David. Very informative. Thanks!❤
Fantastic interview. Thank you.
This guest must be one of the more illustrative figures not just in the BTC mining but certainly in the energy field. Absolutely brilliant
Fantastic Dave
In my opinion, David is providing a great service with helpful content, and deserves more subscribers. Please subscribe if you view his content regularly or periodically.
Always has
I found the interview with Fred Thiel, CEO of Marathon Digital Holdings, to be very informative. I learned a lot about how Bitcoin mining works, and appreciate his insights on the future of the industry.
One thing that I found particularly interesting was Thiel's discussion of the relationship between hash rate and price. He explained that hash rate doesn't necessarily change price, but rather that it's the other way around. As the price of Bitcoin goes up, the profitability of mining goes up, and miners are incentivized to add more capacity. This leads to an increase in hash rate.
I also found Thiel's comments on the future of Bitcoin mining to be thought-provoking. He believes that Bitcoin mining will migrate to the longtail over the next two decades, and that it will be built into all sorts of industrial processes. This is a very different vision of the future of Bitcoin mining than the one that I had before, and it's one that I think is worth considering.
Indeed that’s how a great interviewer should be like: knowing his stuff, good direction questions, availability to listen and top guests!
Nice interview David 🎉
Great Interview. 👍🏻
Another great interview on the David Lin Report!
Great interview and very good questions from David. Well done!
Excellent and very professional interview
"Have to ask permission to buy ETFs" Imagine having to ask permission on what to do with your money. Great point on why traditional finance broken.
Great questions and interview.
Great interview! I learned a lot about Bitcoin and the mining business. Thank you!
What a great discussion! Fred really answered so many questions I had about Bitcoin mining. Great questions David. I do wonder how Fred would have answered the question of "What happens to the business model of the Miner after the last Bitcoins are created of the 21m limit?". Thank you.
They get the transaction fees on all the transactions in the block. Currently that's a very large number because of Ordinals.
They will already have made vast fortunes from the fresh blood of the newbies, so what do they care.
@@LarsLarsen77 What's the estimate on when the last block is mined? If growth continues at current pace, what's the estimated block fee for when that occurs?
Point me toward who's analyzing this?
amazing interview
Amazing talk
This guy knows his stuff. Good guest
Excellent interview.
Great interview! Will watch 2X
excellent interview
Amazing interview!
GREAT interview!!
That was really insightful, thx !!!
Big thanks Fred for explaining the nuts and bolts of Bitcoin mining and what affects pricing. If our incompetent governments are going to continue to overspend, and then print more money which devalues the dollar, then one would think the stock market has to keep going up to keep pace with such inflation, and so would Bitcoin (i don't own any).
Yes, that's why they're printing it. They must protect the boomer retirement accounts at all costs.
Not owning bitcoin is a mistake. I'd at least own a small ammount in cold storage, and just forget about it.
Because if it becomes the new world monetary system, all youre gonna need is that tiny amount you bought years ago.
This guy is the smartest boomer ever on bitcoin. Well, unless Pfeffer is a boomer. That dude is far far beyond surprisingly smart for a finance guy.
Fantastic info
Good interview with Peter.
Great guest David 🎉
very good in depth view! I love it!
Fred is great. Good interview.
Excellent interview, thanks. It's ironic that as you bring more great guests to educate us, the comments become more ignorant. Who's not listening?
Great interview!!
Good day David & Fred, Thx for your post. Very 'Enlightening' IRT the reclamation of waste, biomass to energy = cheap BTC!
My BTC prediction: BLX Weekly, all the prior halving events have lead to at least a 1 Fib level gain in approx 1 yr. If history repeats itself, as it often does, the next Fib level is the 1.114 @ ~$340K. This time however, there are way more dynamics to consider. 1: BTC has never hit an ATH just weeks (7) prior to a halving event. 2: BTC has never had Epic levels of purchasers, ie) ETFs, Pension Funds, Nations, Empires, Retail, etc. all buying in. With GBTC selling BTC @ a record rate and it's immediately consumed by Spot ETF/Retail etc. There is only 1 way to go, up. The 1.236 Fib sits @ almost $2M. That target is definitely in reach within a 2yr window. Do your own TA & Kind regards to all.
Your TA is much more optimistic than most TAs, if your conclusion is that the price will reach USD$2Million in 2years.
I am hearing peak BTC prices like $113k , $123k, $150k, $180k, $240k to about $300k.
@@1Bob4All Like I said, do your own TA. Contrarian outlook is not so sexy, BTC could cave in, a regression or sell off, back down to the .786 Fib @ ~53K, or worse, the .618 @ ~41K or forbid the .50 @ 34K... Oh No! I don't care, I'll DCA in on the way down too...
Excellent interview. I've been investing in Marathon Digital stock (MARA) for a long time because of Mr. Thiel's brilliant understanding of the Bitcoin mining industry. He is the GOAT!
Scam
Look out below!
don't be stuck HODL'n the bag!
They don't mind. Ignorance is bliss. They as delusional as Oringe Jeezus groupies.
Zoom out.
Word !
Great interview David, you and your former colleague Michelle are unbeatable in this space, thank you again.
No, Michelle gets political and always mentions the “Hamas war,” when it is an Israeli slaughter of citizens.
What percentage of demand for bitcoin is from etf vs from wallets vs crypto exchange. ETF is mostly retail and half buy and hold and other half day trading style.
I like Fred a lot and I also like Frank Holmes from Hive. David used to have Frank on for interviews, but I haven't seen him in a bit.
Very worthwhile listening to. This is serious education! Wow!!
great explanation on hash ! thanks
I smok hash
David I love your shows and Thiel is such a bright human, making for a great episode. One thing my man, it is the Bitcoin halving! Havening is a word those outside the know use, it's the wrong term. We know you're in the know 🤙
Halving, not having.
Havening is not a word and makes the speaker sound uneducated. It's like irregardless, regardless on its own works everytime in its place. ,
@@Jonah-in-Boise-ID thanks, I got spell checked 😂
@@michaelhannan4668 not quite the same as halvening isn't a word and isn't ever correct. There isn't a more appropriate use case as there is with your example, but I agree it makes one appear ignorant. He probably spent too much time with tradfi people recently and they got it in his head.
It's Halvening.
Great info.
At 4:57 is classic and made me laugh! The initial look on this guy's face and the hard swallow 🤪 What a Flintstone moment!
Love listening to Fred he’s so smart sounding
I have two companies in Australia 🇦🇺 and both have BTC and Solana on the treasury. Net growth has been outstanding and BTC can be paid out as Dividends and is NOT a tax event until realised in Fiat.
Same for the pension fund, 100% crypto in self managed superfunds.
Gone from concerned about retirement to elations of being able to retire 10 years earlier than expected 😊
I'm thinking copper/gold might be a good investment.
With the much anticipated halving finally gone and the approval of Bitcoin ETFs, so many people think bitcoin will exceed $100k. I don't want to miss out on this chance. but I'm also worried if it's too late to make the most profit with bitcoin
Microstrategy CEO bought $155million worth of bitcoin, so yes BUY!
Yes, my asset manager advised I spread further into mutual funds and crypto Etf and boy am I glad I did. The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful, because what Avg. Joe really has time to watch and comprehensively analyse the market.
Can you kindly provide me with the information of your guy , i may have some questions myself
Sharon Ann Meny is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks, you have to have 51% of the miners and node operators to make any changes. As I understand it
Did he just say that with 100s of billions you could manipulate the network? Hmm... I can't think of anybody with.. wait.. oooh no 😂😂😂😂😂😂
Very illuminating
This guy is the “Heisenberg” of mining 😂
Lots of intense information. Factual not pie in the sky. Mr. Their has a handle on his company’s Future.
How efficient are the current storage technologies? Low,right?
Fred siad you can use old tec to mine bitcoin, what i dont get is how you going to earn anything when block rewards are random? How does an old computer that is minimg ever have a hope of getting a block reward?
The same is true of a brand new top of the line bitcoin mining ASIC. It's a lottery machine if you don't use a mining pool, and if it's old hardware it's going to be too slow to keep up with the pool so it could only mine in solo mode.
Both guys... Very very good! 👍🏻
@3:20 actually, oil was negative (you get paid to take the oil) for a short time during the first half of the pandemic :P
David’s hair is 🔥🔥
Very good interview. Many useful information to understand BTC better, thank you!
More content like this! 👏👏👏👏
The interview is at high level.
The information content is insightful, deep and compelling. It makes me not only smarter but eager to learn a whole lot more about, crypto, energy, commodities and their intricacies .
Did he say it's been fairly stable over the past year?
It was 20k this time last year and is now 68k, in what other market is that considered stability?
David, can you interview cleansparks ceo and bitfarms representative since they don't have a ceo. Maybe even iren
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve.
Thank you mrs Lauren Hopkins, imagine investing $12,000 and received $305,500.
Crypto Bull run is making waves everywhere and I have no idea on how it works. What is the best step to get started please?
Wow, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.
Have you not heard of Mrs. Lauren Hopkins?
She has this skill of making complex crypto concepts easy to understand and is truly commendable
You know her too? I'm also a proud beneficiary of her superb platform.
This is one of the best interviews on btc that I have had a chance to watch. Many thanks David for hosting it and Fred for your great insights!
Fred is a super professional CEO.
Well for someone who isn’t ignorant about macro economics economics, this guy speaks a language that most people will never understand. Beyond that, am I the only one who is astounded by an entire movement that is convinced that zeros and ones on a screen has value? Kudos to those making lots of money but it is bonkers to me that something that a person, or people ‘created’, and I use the term loosely, has generated so much interest worldwide. I wonder if people are excited because of its potential to make lots of money or because they see it as the future. God forbid, the system ever does down. In the end, it’s history is so short, there is no way to determine if it will stand the test of time. I consider a speculative asset at best, if an asset at all. All the power to those that love it.
It's the obsession with technology.
Maybe spend some time learning about why people value it? Broken Money by Lynn Alden is a good start
Or read The Bitcoin Standard, which is also good. But your point is taken. I'm amazed, and I'm not even halfway through!
Excellent interview, I learnt a lot. Thank you....
I must have missed it. What is Fred's BTC price prediction?
I think he said end of 2024 @50k-100k or at around last cycle’s ATH (which was 69k give or take), then in 2025 we would be @125k-150k, maybe even 200k.
@@anttisatama4372…nope. He said end of 24 price is higher than the current ATH which sets it north of 75k$ and then rush in 2025 more aggressively upwards - but no definite numbers have been said regarding 25…
Markets are always forward looking. If btc was to be 100k because of the halving, it should be 100k now. So I am curious if this will be sell the event.
I enjoy the mammoth videos 🦣 keen for the price prediction video this week! 😅
I would love to work for a guy like Fred.