Marathon Digital CEO Fred Thiel Warns Bitcoin Treasury Companies Becoming ‘Saturated’ – Here’s His Forecast

The CEO of one of the biggest Bitcoin mining companies in the world says that the market for turning companies into BTC treasuries is probably getting saturated. In a new interview with Bloomberg Television, Marathon Digital CEO Fred Thiel says that a slowdown is approaching for the Bitcoin treasury business model as the market becomes too crowded and competitive. “The problem is what happens if the Bitcoin price stays flat or starts to go down? You said his stock was up over a five-year basis by a huge amount, which is true, but if you look at year-to-date at its...