Fred Thiel, CEO of MARA Holdings, shared his candid approach to investing in Bitcoin BTC $96,592.68.
Thiel pointed out that the price of Bitcoin has only fallen a few times in 14 years, which shows Bitcoin’s long-term potential.
In an interview with FOX Business on January 2, he suggested that retail investors should focus on accumulating Bitcoin gradually and not worry about daily market changes.
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Citing a personal example, Thiel shared the following advice:
For example, my recommendation to my kids is to save up a little bit of Bitcoin every month and forget about it.
He explained that this method gets better over time. “After two, three, four years, it grows. That’s what people do,” he said, adding that Bitcoin’s value typically rises between 29% and 50% in most years. He said he is doing so.
He also cited several factors that could push up the price of Bitcoin by 2025, including an increase in large companies adopting Bitcoin through spot exchange-traded funds (ETFs) and the possibility of the US holding Bitcoin reserves. He highlighted several factors.
Thiel’s comments came after MicroStrategy CEO Michael Saylor conducted a poll on X. Of the 65,164 respondents, 77.7% said they plan to increase their investment in Bitcoin in 2025.
On December 3, 2024, MARA Holdings officially acquired a wind energy facility in Texas. What prompted the acquisition? Please read the full text.
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