Marathon CEO Fred Thiel Reveals Key Factors Behind Bitcoin’s Recent Decline 📉

Fred Thiel, CEO of Marathon Digital Holdings, explains that Bitcoin's price decline is influenced by significant BTC sales by miners, transfers of cryptocurrency by German authorities to exchanges Bitstamp and Kraken, and the upcoming payouts to creditors of the bankrupt Mt. Gox exchange. He also mentions investor preferences shifting to meme coins. Thiel anticipates the US presidential elections and calls for increased legislative support for digital asset mining.