Fred Thiel, CEO of Marathon Digital Holdings Inc., suggested that recent spot Bitcoin ETF approvals have accelerated the market’s appreciation, typically expected post- Bitcoin halving, by attracting significant capital into the market. Thiel remarked that this shift has led to an unusual pre-halving price increase, diverging from the traditional pre-halving price decline, with Marathon’s break-even rate at about $46,000 per BTC to stay profitable post-halving. Bitcoin’s price has seen a more than 60% increase in the months leading to the halving, with experts indicating a continued bullish market driven mainly by growing demand rather than the halving’s supply cut.
Marathon CEO Credits Bitcoin ETF on Pre-Halving Price Surge
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