MARA Holdings CEO Fred Thiel believes institutional involvement will significantly increase Bitcoin’s value, positioning the flagship crypto as a long-term growth asset.
In an interview on FOX Business from Jan. 2, Thiel encouraged investors to use a long-term, steady investment strategy, by purchasing Bitcoins in small quantities.
Thiel stated that Bitcoin had only ever seen an annual drop three times over the 16 years of its existence, one occurring during “the pandemic’s market disruption.” He added that Bitcoin’s average annual appreciation of 29% to 50% suggests that incremental, consistent investments could yield strong returns over time.
Thiel also highlighted that increasing accessibility via major financial institution is changing market conditions. He pointed to major traditional institutions offering access to Bitcoin via platforms like Fidelity’s E-Trade.
The BTC price is expected to reach $200,000 before the end of 2025.
High levels of optimism
Thiel also pointed to broader policy shifts that could act as catalysts for Bitcoin’s growth. Thiel expressed his optimism regarding the creation of a US Bitcoin Reserve under a crypto-friendly administration.
Thiel believes that the regulatory environment will be favourable to the sector of digital assets, as David Sacks – a crypto enthusiast – is likely to become an adviser at the White House.
MARA Holdings continues to expand its position in Bitcoin, ending 2024 with 44,893 BTC — worth approximately $4.4 billion. The company mined and acquired 9,457 BTC during the year. It purchased over 22,000 BTC for an average of $86,205.
MARA also reported an increase of 15% in mining capacity. It exceeded its goal for the year by reaching 53,2 exahashes/second.
Thiel’s comments reflect a growing sentiment that institutional adoption and favorable regulations could shape Bitcoin’s future, positioning it as an increasingly integral part of the financial landscape.
Bitcoin Market Data
Press release On Jan. 3, 2025, 7:27 PM UTCBitcoin has the largest market capitalization and is currently trading at a price of ????????????????????????????????????????????????????????????????????????????????????????????? 1.44% Over the last 24 hours. Bitcoin’s market capitalization is 1.96 Trillion Dollars With a daily trading volume of 35.53 billion dollars. Learn more about Bitcoin ›
Bitcoin
On Jan. 3, 2025, 7:27 PM UTC
$98,871.62
1.44% Crypto Market Analysis
Press release On Jan. 3, 2025, 7:27 PM UTCThe total market value of crypto is at 3.51 trillion dollars A 24-hour volume is $118.93 billion. Bitcoin dominates the market at 55.74%. Learn more about the crypto market ›
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