Transforming Tomorrow: Marathon Digital's CEO Fred Thiel on the Global Impact of Bitcoin Mining

Fred Thiel is the CEO of Marathon Digital, a leading Bitcoin miner in the US. In this episode, we discuss the correlation between Bitcoin price and the hash rate, the geography of Bitcoin mining, the reasons why Russia is starting to play a significant role in the industry, the environmental issues of crypto mining, and much more! https://twitter.com/fgthiel ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS. 👉 https://www.thedailyclose.io/ ►►BITGET GET UP TO A $8,000 BONUS IN USDT AND GET MASSIVE DISCOUNTS ON TRADING FEES! 👉 https://thewolfofallstreets.info/bitget ►►NORD VPN GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets ►►COINROUTES TRADE SPOT & DERIVATIVES ACROSS CEFI AND DEFI USING YOUR OWN ACCOUNTS WITH THIS ADVANCED ALGORITHMIC PLATFORM. SAVE TONS OF MONEY ON TRADING FEES LIKE THE PROS! 👉 http://bit.ly/3ZXeYKd ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/ Follow Scott Melker: Twitter: https://twitter.com/scottmelker Web: https://www.thewolfofallstreets.io Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #trading Timestamps: 0:00 Intro 1:20 Bitcoin price and hash rate 3:00 Bitcoin mining cycles 5:50 Mining in China 8:20 Geography of Bitcoin mining 10:00 Geography diversification 13:10 Environmental issues 17:55 Anti-crypto agenda 23:35 Threats to Bitcoin mining 32:00 Russia & Bitcoin 35:50 Fred Thiel’s way into crypto 39:00 What is Bitcoin? 42:00 Bitcoin vs other blockchains 45:20 Existential threat to Bitcoin The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.