By the end of 2025, BTC could reach a new record high of $125,000 and its price fluctuations will be more stable, Fred Thiel, CEO of Marathon Digital, has said during an interview on Anthony Pompliano's podcast.
He has added:
"What makes Bitcoin unique and what stocks don't have is its limited amount of coins."
Thiel believes that demand for Bitcoin will increase as institutions adopt it as a reserve asset, and this will drive its price to new heights.
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He has said the increase in the supply of digital assets in the market will be slower compared to that of gold, which will have a significant impact on the price of the crypto.
Thiel believes that the halving, which has historically been a catalyst for Bitcoin's growth, will offset the loss of income from miners.