Bitcoin is headed for the fourth annual decline in its history, and the first one that didn’t coincide with a major scandal or industry meltdown. While the latest decline is a much milder correction than in the previous three down years, it’s happened against a vastly different backdrop. Since the last major crypto crash in 2022, institutional adoption has widened, regulation has matured, and the industry has found its arguably most important champion in US President Donald Trump.

Fred Thiel, the CEO of MARA, which is the second largest publicly held bitcoin miner, explains why the remains committed to the world's leading cryptocurrency, and why he sees a market recovery on the horizon. Fred speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Bitcoin is headed for the fourth annual decline in its history, and the first one that didn&rsquo;t coincide with a major scandal or industry meltdown. While the latest decline is a much milder correction than in the previous three down years, it&rsquo;s happened against a vastly different backdrop. Since the last major crypto crash in 2022, institutional adoption has widened, regulation has matured, and the industry has found its arguably most important champion in US President Donald Trump. Fred Thiel, the CEO of MARA, which is the second largest publicly held bitcoin miner, explains why the remains committed to the world's leading cryptocurrency, and why he sees a market recovery on the horizon. Fred speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

MARA CEO Thiel Remains Confident in Bitcoin Amid Downtown 

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