Fun

MARA CEO Advocates “Invest And Forget” Approach To Bitcoin, Citing Strong Historical Performance

News Feed - 2025-01-04 05:01:48

Este artículo también está disponible en español.


In a recent interviewwith FOX Business, Fred Thiel, CEO of Bitcoin (BTC) mining firm MARA Holdings, advocated an “invest and forget” strategy for retail investors looking to gain exposure to the world’s leading digital currency. Thiel Cites Positive Historical Performance Of Bitcoin


BTC continues to trade within the mid-$90,000 range after a recent pullback from its all-time high (ATH) of $108,135. While crypto analysts keep a close eye on the flagship cryptocurrency’s price movements, major BTC holders appear less concerned about short-term fluctuations. Related Reading Bitcoin ‘Head and Shoulders’ Setup Raises Fears Of $80,000 Price Drop – Details 1 week ago


Citing Bitcoin’s historical performance, Thiel advised retail investors to adopt a long-term approach. He noted that Bitcoin has closed the year at a lower price only three times in its 14-year history, including during the peak of the COVID-19 pandemic. Thiel stated: My recommendation, to my kids, for example, is they put just a little bit away every month in Bitcoin and forget about it. Over two, three, four years, it grows, and that’s what people do.


Thiel also emphasized BTC’s consistent growth, highlighting that it has appreciated annually by an average of 29% to 50%. However, BTC remains a high-risk asset, and risk-averse investors may shy away until the asset class achieves broader acceptance or gains official recognition from a major global economy.


For instance, the establishment of a US strategic Bitcoin reserve could solidify the cryptocurrency’s legitimacy as an asset and potentially spark a domino effect, encouraging other nations to follow suit. Thiel described such a reserve as a key catalyst for driving Bitcoin’s price to new highs in 2025.


Additionally, Thiel pointed to high institutional involvement through Bitcoin exchange-traded funds (ETFs) and favorable digital asset regulations under the Trump administration as other factors that could support BTC’s growth this year.


Although Thiel’s advice was aimed at retail investors, recent data suggests that many are already planning to increase their Bitcoin holdings. According to a poll conducted by MicroStrategy CEO Michael Saylor, over 75% of 65,164 respondents intend to end 2025 with more BTC than they started with.


The poll reflects growing enthusiasm among retail investors, buoyed by bullish developments in 2024 such as ETF approvals, the Bitcoin halving, and Trump’s election victory in November. More Companies Adding BTC To Balance Sheet


Bitcoin adoption among corporations continues to grow. While MARA Holdings already holdsBTC on its balance sheet, rival crypto mining company Hut 8 recently expandedits holdings to more than 10,000 BTC. Related Reading Bitcoin May Surge To $200,000 By Mid-2025 Amid ‘Mild’ Price Pullbacks: Report 2 weeks ago


Other firms, such as Japan-based Metaplanetand Canada’s Rumble, joined the Bitcoin movement in 2024. Additionally, Bitcoin ETFs have accumulatedover 1 million BTC in under a year since their launch.


However, skepticism remains. Japan’s Prime Minister recently expressedcaution about the idea of establishing a strategic Bitcoin reserve, reflecting lingering doubts in some quarters. At press time, BTC trades at $97,229, up 0.7% in the past 24 hours. BTC trades at $97,229 on the daily chart | Source: BTCUSDT on TradingView.com Featured image from Unsplash, Chart from TradingView.com

News Feed

Ethereum ETF process is ‘going smoothly,’ says SEC’s Gensler
Jesse Coghlan2 hours agoEthereum ETF process is ‘going smoothly,’ says SEC’s GenslerSEC Chair Gary Gensler didn’t comment on when his agency would approve Ether ETFs for trading, but analysts predict it could be
Zhiyuan Sun8 hours agoKuCoin suspends Bitcoin and Litecoin mining pools“We deeply regret any inconvenience this might cause and we remain grateful for your unwavering support and understanding," the exchange wrote
Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto
Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto The Atlanta-based cryptocurrency payment processing company Bitpay is now g
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin A professor from Cornell University has warned about the potential effects a col
Bonus Army, Occupiers, 2020 Uprising: Bitcoin’s Peaceful Protest Is Pure Civil Disobedience
Bonus Army, Occupiers, 2020 Uprising: Bitcoin"s Peaceful Protest Is Pure Civil DisobedienceFor twelve days straight, American citizens and a number of countries around the world hav
Optimism (OP) Faces Potential Decline To $1.80 — Analyst
Este artículo también está disponible en español. Optimism (OP) has experienced a market rebound in the past week gaining by 35.76% based on data from CoinMarketCap. The
State-backed Crypto Mining Farm under Construction in Russia’s Buryatia
State-backed Crypto Mining Farm under Construction in Russia’s Buryatia A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a govern
Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’
Australian Government Says It Is Working to Ensure "Regulation of Crypto Assets Protects Consumers" The Australian government has said it will take steps to ensure the “regul
Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential IPO Route’
Binance Is Hunting for a New CEO — Exchange"s US Venture "Looks at Potential IPO Route" Binance CEO Changpeng “CZ” Zhao has explained in a recent i
Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December
Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December According to recent reports close to central bank officials, the U.S. Federal
Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela
Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip tr
Snowden goes after Bitcoin devs, Elon Musk and puppy killers in X flurry
Tristan Greene4 hours agoSnowden goes after Bitcoin devs, Elon Musk and puppy killers in X flurryHis commentary touched on the zkSnacks shutdown, free speech and the proper treatment of farm animals.3356 Total views22 To