Why Marathon Is Comfortable With Bitcoin Plunging, Says BEP Is $6,500

Why Marathon Is Comfortable With Bitcoin Plunging, Says BEP Is $6,500

Marathon Digital Holdings’ (MARA) Fred Thiel said that Bitcoin price would need to drop 80% for the coin to stop being profitable for the company thus entering a challenging situation. Marathon is not worried about the past week’s dip. During a Bloomberg QuickTake Stock interview, Fred Thiel, Las Vegas-based company’s chief executive officer of Marathon, expressed assurance for Bitcoin’s future and stated that Bitcoin mining is “obviously a very profitable business”  and the company can “ride this market for quite a long time.” Thiel expressed that,....


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