Institutions Just ‘Waiting To Buy Up’ Bitcoin, Says MARA CEO

Quick Summary:

He believes that institutional investors are poised to enter the market aggressively.“I think what we’re going to see is essentially institutions just waiting to buy up Bitcoin,” Thiel predicted.

Related Reading: Bitcoin Rally Pauses Before $100K—Here’s What Could Happen Next “What that’s ended up driving is a huge belief that all of a sudden the regulatory environment for Bitcoin and crypto will get much better, that the US will double down and really invest in Bitcoin potentially,” he explained.

However, unlike MicroStrategy, which focuses purely on capital market maneuvers to accumulate Bitcoin, Mara also operates the largest publicly-traded Bitcoin mining operation by hash rate.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustriaUnited States

Topics: BTC news Marathon Digital Holdings Fred Thiel Btc price Bitcoin MARA MSTR Btc Bitcoin Microstrategy Bitcoin price Bitcoin news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 22:30:56 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 676 words

Reading Time: 4 minutes read

Sentences: 67 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23898680

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About NewsBTC

Main Topics: Crypto

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