Bitcoin Inflation: Cost To Mine Will Skyrocket Next Year | Marathon Digital CEO Fred Thiel

Fred Thiel, CEO of Marathon Digital Holdings, discusses the prospects for mass adoption of Bitcoin, reveals the breakeven price for miners, environmental concerns for Bitcoin mining, Marathon Digital's short-term and long-term plans, and the future of video gaming.
*This video was recorded on April 23, 2023
FOLLOW FRED THIEL:
Marathon Digital Holdings: marathondh.com/
Marathon Digital Twitter (@MarathonDH): / marathondh
Fred Thiel Twitter (@fgthiel): / fgthiel
FOLLOW DAVID LIN:
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Instagram (@davidlin_TV): / davidlin_tv
For business inquiries, reach me at [e-mail]
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:36 - $100 Bitcoin by year-end?
4:50 - Bitcoin adoption
14:30 - Bitcoin price outlook
16:50 - Bitcoin mining cost
19:12 - Marathon's Bitcoin production
29:20 - Environmental concerns of BTC mining
39:40 - Energy sources of BTC mining
41:45 - Banning Bitcoin?
45:48 - Marathon Digital's long-term plans
48:21 - Future of video games
#bitcoin #crypto #investing

[@robertof.5647]

I've heard a dozen of interviews on Bitcoin mining and energy, but by far Fred's explanation was the most clear and simplified way to understand and digest info on how energy markets work.

[@chrisreale4326]

This dude is a great thinker and communicator.

[@bradd1799]

But absolutely horrible at meeting his own milestones.

[@vkjfv]

Best explanation I have ever heard on why BTC mining isn't waste of energy it's actually great for the energy efficiency and cutting waste and dare i say it its actually great for the climate

[@dollarisinsanicus]

@@stjepanhauser8367 Not Cool Dude Scammarotti !!

[@ikust007]

More than that: it kills all the unnecessary waste from the traditional finance . We are literally talking billions & pollution. For nothing…

[@vkjfv]

I admit I was bit skeptical on BTC mining but one interview answered all my questions I had and those I didn't know I had lol. Many people in the space rarely explain in such plain English like this so people understand Kudos. his right many people have been fed lies and don't understand how energy and the grid works so they jump to false conclusions about bitcoin mining

[@freespeechmatters583]

BTCC uses 0.5% of the world's energy to create the most secure computer network ever, and the soundest form of money yet invented. Seems like a sensible investment when you consider that pornography uses 5%!

[@ivanchernenko9879]

Excellent explanation by this CEO but are most of the critics open minded enough to listen?

[@psoidonym2389]

Very knowledgeable guest. Absolutely insightful interview. That was worth every minute. You're good at picking your guests, David. Moreover, you're well prepared, very good at putting questions. And you give your guests the space to answer and to elaborate their reasoning. And finally, I like, that you're wearing suit an tie. That shows respect towards your viewers, your gusts and yourself.

[@OrphanApe]

Wow. Enlightening. This chap is probably the most informative guest you’ve had yet. He needs to enlighten congress and open the eyes of the rest of the public on mining in the USA. So many misconceptions that exist out there.

[@itsmayur]

Best explanation and one of the best interviews . Please bring more of these. Thank you David

[@AhmedKamalYazeed]

Fred really knows his stuff! Amazing interview

[@mfreel1657]

Most impressive.

[@funkbros3141]

Except who created btc lmao

[@gabscar1]

David, I'm having trouble keeping up with all your videos. You are a machine. Thanks for everything you do!

[@tw106]

Great guest! Very clear and intelligent on Bitcoin and its future. Thanks David!

[@user-99.99]

Fascinating!!! Thank you both!

[@markliano6518]

Dam David, your killing it with these questions!! Great flow… between you guys.

[@stevenbonebrake]

Excellent interview David. You can't go wrong when you have an expert in the field and ask great questions that they would have a balanced answer to.

[@yup7793]

David 🎉🎉🎉, awesome job dude, your killing it. And another great guest too, much appreciated.

[@barbborstein7640]

It is mind-blowing how lucrative the crypto sector is. My portfolio is currently up 250% from investing in Bitcoin. It’s kinda relaxing actually!

[@Robyn-Hood]

Thank you both, this was fantastic information!!!

[@jd467]

This guy is smart! Love how he explained BTC energy usage! Have him on again.

[@JW-dc8hk]

Good episode David. Well done sir 👍

[@robertof.5647]

Great interview with Walter White aka Heisenberg.

[@J5init]

Great show! Interesting and very knowledgeable. thank you.

[@zsoltszopko9817]

Do you sleep at all David???????? How many videos do you do in a day?! :)

[@RandolfRichardson]

I like Fred Thiel's perspectives, and I think his predictions will pan out as correct. To better-understand what's going on with Bitcoin's pricing, I find it additionally helpful to keep an eye on the pricing of Ethereum and Dogecoin in particular, along with a few of the other top cryptocurrencies (by top, I mean highest trading volumes and highest daily sums of the amounts of all transactions).

[@Anthony-mh1oj]

Thanks so much for your efforts, David. I'm learning a great deal. Much appreciated.

[@TheSnoopyPat]

Very insightful interview!

[@bergerblancsuisse.]

When a virus hit, BTC went down with other risk assets. When banking crisis hit, BTC went down with other risk assets. Then microstrategy took more loans, bought more BTC and AFTER it went up, then everyone started comparing it to gold. I'm all for BTC, but it's not mature enough and is still treated as a risk asset.

[@BlueWaterSTAX]

Exactly. It's definitely a risk asset. Correlated with the stock market. I'll stick with precious metals

[@crazyprayingmantis5596]

Yeah too risky not to hold it

[@ikust007]

Very interesting. Great interview.

[@kevinl371]

Congrats on a great interview!

[@huluvublue6536]

Great guests, great questions every show. Great work David.

[@blobtv7444]

Good interview, Fred is very informative

[@pinoysatoshi3754]

Great episode. I learned a lot about how energy works.

[@albertaguy4817]

If you are invested in BTC, think of this video, when a friend asks about energy use. For me it is an easy click of the share button, not just to help David spread his new channel, but Fred has been a clear, easy to understand commentor, for the masses to digest.

[@TheDavidLinReport]

thank you for sharing it!

[@PorkHunt0]

Very interesting, thank you both.

[@The4hrtrader]

David, I was watching one of your wonderful interviews with my Mrs last night. She said you look like an asian Leonard from Big Bang. I cannot unsee it!!! Love your work sir!

[@TheDavidLinReport]

lol! Best compliment ever

[@tonypalmer948]

Awesome interview keep more of those coming

[@riongull]

Always funny when old professionals say "halvening" with a straight face. Do they know that the proper term is "halving", and that "halvening" is the Ron Paul meme version?

[@jasonstaub3045]

Fantastic interview !!

[@rherrera4177]

Great interview thanks

[@muddashir]

Good interview

[@tcpwiz1]

Fred is amazing.

[@jcastro6650]

Another great informative interview!

[@A3FIVE]

DAVID LIN !!! my go to guy best reporter in this space! love what you doing keep going. kitco screwed up

[@jethro_Jr]

Good to hear from a brc miner on his views

[@maxplank4083]

Excellent guest/Excellent show

[@wolfiecaps_]

vitalik impression was spot on 😂😂

[@jimmydean4509]

What an eye opening guest, wow! But all I can gear in the background is his voice saying "Buhler"? "Buhler"?

[@MrJudeland]

Great interview! Anyone questioning Bitcoin’s energy efficiency needs to watch this!

[@slayerment]

MOAR!!

[@TrustNo1butMe]

Facts and logic rules every time. Great information well articulated.

[@petrolekh]

They also dumped a lot of stock in Q4 2022. Dilution was massive.

[@jamesfree69]

So refreshing to hear an educated opinion on energy concerns of Bitcoin mining Data and experience always trump random speculation and witch hunts

[@nycrealestatebroker]

Good guest!

[@evlmnky2155]

Keep being more and more happy you’re doing your own thing. Hope you’re asking your guests what kind of questions you dint ask you could have! Michael Saylor when?

[@TheDavidLinReport]

Soon!

[@goldbrick2563]

What if their power cost input increases over the next year or what if govt. imposes 30% tax on miners?

[@gumed85]

BTC doesnt care. Some miners will shut down, others will move elsewhere. The mining dificulty self ajust will take place, and we move on.

[@goldbrick2563]

@@gumed85 if big data centers can't stay in business...do individuals take over + cld it be profitable for them?

[@BaadMotorFinger]

​@@gumed85 true, difficulty goes down and it's just easier to mine. There's nothing they can do to stop btc mining except shut down the entire internet

[@tonequin4562]

Bro. Good questions!

[@fab6327]

Very interesting, Fred reasoning is broad with macro like considerations!

[@mayor399999999999999]

Start the video excited about Bitcoin and BTC mining and I left excited about videogaming. 😂😂😂

[@issenvan1050]

Internet or digital gold? Decide.

[@issenvan1050]

Interview HUT & CLSK executives, too, David.

[@pierrejulienregnard1892]

Amazing, could you add a recap for dummies at the end would be awesome 😎

[@issenvan1050]

What are layers 2 & 3?

[@potter1328]

My question is what will be the impact of mining on the Bitcoin price long term?

[@darioz5894]

I invested in HUT 8 mining Corp and thinking it was a mistake and feeling regret. Does anyone have any insight on this miner ?

[@dm3035]

EXCELLENT INTERVIEW - GREAT POWER GRID BTC MINING EDUCATION - MUST WATCH - EXCELLENT SPEAKER 👍👍👍

[@mind-killer]

Love the new show, lower volume of outro

[@stevengiannakopoulos326]

Why so many ads in your videos David? Like every couple minutes there’s an ad and it’s annoying.

[@sungcha3563]

Best explanation of BTC energy use I've ever heard; and I've listened to quite a few experts explain this problem.

[@freespeechmatters583]

I'd suggest listening to 'What Bitcoin Did' which has many experts on the topic, like people running mining companies in remote locations using hydroelectric dams etc. Facinating stuff.

[@simonprice8947]

Wow that's one intelligent guy

[@BlueWaterSTAX]

Sorry Fred, I'll stick to my silver and gold. According to precious metals sales, millions agree with me. Thanks for having different opinions on the David Lin Report. Good job guys 👍🥇🥈🥇🥈🥇🥈🥇🥈🥇🥈🥇

[@derekknapp9246]

Good idea been working great the last 10 years following that plan

[@schlemmermaul5224]

Horse-drawn carriage and rail worked for quite some time too…until it was overtaken by the automobile. Good luck man, but I prefer to send my BTC globally, in any amount, to anyone, over IP. Perhaps that’s really nothing and GenZ will prefer pet rocks (I.e., seizable, heavy, counterfeitable, metal). May the best money technology win!

[@chrishayes8012]

Imo this content is far better than gold content.

[@casamurphy]

Excellent

[@rkalla]

Enjoy Fred's interviews

[@user-tr8mw7ik8g]

This guy recalls me the big talkers during 2018....the newbies will buy easily....

[@issenvan1050]

Interview HUT & CLSK, too.

[@GreenfieldPortfolioResearch]

you don't need ai for fine tune overclock, energy and bitcoin sale decisions. classical control theory and adaptive control do a good job on that.

[@paulmanning4901]

More audio problems with the mic. Plosion from too close to the mic. The guest had perfect audio

[@bradynields9783]

Why not take the capital to buy miners and buy BTC instead?

[@TheEconomicElder]

"Bitcoin is a great store of value" he said that with a straight face 👀

[@Thebitcoinconsultant]

Clear thinking exec.

[@issenvan1050]

Ask about dilution.

[@AdamWeatherall]

Imagine negating a currency because a singular institution has control of “the money printer” , for one in which both the highest bidder and the lowest can simply build their own.

[@freespeechmatters583]

Not sure I understand the point of your argument? The creation of dollars through debt is endlessly increasing and can never stop which destabilises the world. Bitcoin mining has a hard limit, after which miners will make fees through transactions.

[@AdamWeatherall]

@@freespeechmatters583 You know this because you personally read the code for it? Or was this translated to you by the ethereal on high, bitcoin has changed and can change it’s functional code at multiple points. Nothing is unique about it in any way , it is old technology, and it is laughable to think the basis of the future will be based on any immutable or archaic concepts. It’s not even superior to the swift system in any capacity, it’s perceived merits are actually huge detriments. Also every promise made in the original white paper has been undone during one of its forking events, it is not a safe protected currency it’s a irs agents wet dream. Stop participating in the greater fool theory without at least admitting that’s what you are doing, these people are talking their book. They count on someone else to purchase this at a higher price, when you actually find a great investment you will not need to convince anyone of the fact. In fact you would be wise to accumulate quickly and quietly before the larger public catches on. Why is it you feel the need to convince people to purchase this equivalent to digital snake oil? What your doing is not investing, this at best is gambling on invisible horses. The first time I purchased bitcoin was 2012, and I to was gambling in that moment.

[@wasdwasdedsf]

yea imagine wanting to negate a system that hasstolen 99% of their peopels money over a 100 year time period... and thats jut for the strongest currency

[@freespeechmatters583]

@HC-sb1ru I'm no expert but as I understand it blocks are still created and therefore must be hashed, but new Satoshis will eventually stop being created so the miners get a payment via transaction fees spent by blockchain users. There's plenty of technical descriptions of how this occurs, it's not like the creators of BTC didn't think this through already.

[@bbfloors1903]

They got no choice but to pause in may. No matter what, Bitcoin will hit 100k before Halving due to banking crises are about to worsen.

[@Fearzero]

Maybe.

[@freespeechmatters583]

I hope not, I'm looking for $5k so I can buy more!

[@Fearzero]

@@freespeechmatters583 That's definitely not happening. Might see $25k again

[@freespeechmatters583]

@@Fearzero Never say never. We are in unprecedented times. With the small amount of BTC actually sold on exchanges it only takes one or two whales to dump their BTC and the price will plummet. And I'm not saying it won't recover fast, but $5k is quite possible for a short time.

[@Fearzero]

@@freespeechmatters583 Not possible when you look at how many BTC are out of profit at the moment. 4 million. BTC won't go to $5k and that's a guarantee.

[@mrjay3614]

My man sounds like the guy from the gala games how to set up node videos

[@gabrielrivera1915]

$800 million in BTC mining equipment!

[@sissi1520]

🤣.... I think we have still few legs down for Bitcoin/market in general including GOLD.... Clearly they are looking for more investor (mostly uneducated) to buy at this high price.

[@cjb8993]

David, I come here to see your hair.

[@thomasbiom]

4/10 of a whole bitcoin in transaction fees? Aka 40% ? Wow. That’s expensive fees.

[@miking1111]

Walter White is in Crypto now? Time to enter.

[@matt11210]

I was praying you would ask about MARAs up and down production. Alas.

[@tokenizegames]

What about bitcoin in the context of the #agenda2030

[@Keep_calm_and_slave_on]

The same price as gum then . Great

[@issenvan1050]

Are they still paying millions to Merrick Okamoto or diluting like crazy?

[@ikust007]

That’s very click baitish David ;) we all know that they know…nothing😂 cheers for your work nonetheless!

[@MonsieurDecent]

Is he related to Peter? 😊

[@koala8353]

great timing guys … seriously … 😂🎉

[@luredglasslures9352]

Ay speak for yourself this miner is slaying! That’s why you don’t leverage buy miners at the top 😂

[@craigo2711]

Sorry is he saying 4x in 8 months 😂

[@rrrrramone]

Now have Keith Neumayer on next talking about how great silver is… jeez, having these guys talk their book is terrible content

[@williamxchau]

Woah…. Time for a haircut Dave…

[@InAVanByTheRivr]

I wish interviewers would hold Fred's ass to the fire about marathons dismal performance against their promises/projections. mara has crapped the bed every quarter. Consistently failing to get their miners online and running at a consistent pace. Even now, what they have installed is offline most of the time....

[@GOGYchadel]

See the reason why crypto has been driven out of the US ...states to compete with all world currencies and not be a threat to the dollar

[@clonedragon]

I'm just cleaning up and selling my rx580s 🤣