The David Lin Report Bitcoin ‘Cycle Like We’ve Never Seen’; What's Next For Price, Mining Cost | Mara's Fred Thiel
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Jul 23, 2025 Fred Thiel, CEO of Marathon Digital Holdings, discusses how his company is pioneering Bitcoin mining by leveraging near-zero-cost energy. He highlights the strategic accumulation of Bitcoin and the importance of vertical integration for efficiency. Thiel also dives into the catalysts driving Bitcoin's price and how macroeconomic factors, like governmental policies, influence the market. The conversation touches on the evolving dynamics of AI data centers and the potential for partnerships between mining firms and energy companies for sustainable operations.
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New Institutional Bitcoin Demand
- Multiple large Bitcoin treasury companies are entering the market, competing to buy Bitcoin alongside Michael Saylor.
- This growing demand from institutions and sovereigns is likely to drive Bitcoin's price upward in the near future.
Bitcoin Price Support Levels
- Bitcoin currently has strong support at around $106K with a backstop near $98K.
- Price bounces between these levels suggest a developing floor for the market.
Long-Term Holder Selling Cycles
- Long-term Bitcoin holders often take partial profits after price gains, planning to buy back on dips.
- Fred Thiel believes this cycle may differ due to current market dynamics involving high Bitcoin profitability.