#1299 Fred Thiel | Largest Bitcoin Miner Explains Why Bitcoin Will Explode

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 24 January 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fred Thiel is the Chairman & CEO of Marathon Digital Holdings (NASDAQ:MARA), a digital asset company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. In this conversation, we talk about energy harvesting, brand new bitcoin mining sites, bitcoin halving, hashrate, outlook for 2024, and more.

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Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp
0:07.7	podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube,
0:21.1	and tell your friends and family about the podcast. My goal is to help millions learn from the
0:26.5	world's most interesting people. So let's get in to today's episode. Today's episode is with
0:31.8	Fred Thiel, the chairman and chief executive officer of Marathon Digital Holdings. They're publicly
0:36.6	traded on the NASDA
0:37.7	under the ticker symbol M-ARA. In this conversation, we talk about energy harvesting, his brand-new
0:44.4	Bitcoin mining sites, how they can make Bitcoin energy neutral, and then why hash rate continues
0:49.6	to grow. On top of that, we get into inscriptions and the explosion of Bitcoin fees, what's going on in the public markets, how they're thinking about technology, the Bitcoin ETF, and global macro and liquidity concerns.
1:01.7	I really enjoyed this conversation with Fred. I always learned something and this conversation was no different.
1:06.2	Here is the episode with Fred Teal.
1:09.5	Anthony Pompliano runs Pomp Investments.
1:12.3	All views of him and the guests on his podcast are solely their opinions and do not reflect
1:17.1	the opinions of Pomp investments.
1:18.9	You should not treat any opinion expressed by Pomp or his guest as a specific inducement
1:23.7	to make a particular investment or follow a particular strategy, but only as an
1:27.9	expression of his personal opinion. This podcast is for informational purposes only.
1:33.2	This episode is brought to you by FREC. Historically, the wealthy had a hidden secret in investing.
1:38.7	They would spend a lot of money and use very big teams to conduct tax loss harvesting.
1:43.3	Tax loss harvesting is the timely selling of securities at a loss to offset the amount of capital gains tax owed from selling the profitable assets later.
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1:56.2	They'll literally lower your tax bill, regardless of how much money you have.
	...

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