MARA CEO touts Bitcoins long-term benefits for retail holders, predicts $200k by year-end
MARA Holdings CEO Fred Thiel believes institutional involvement will significantly increase Bitcoins value, positioning the flagship crypto as a long-term growth asset.
Speaking in a Jan. 2 interview with FOX Business, Thiel encouraged retail investors to adopt a steady, long-term investment strategy by regularly purchasing small amounts of Bitcoin.
Thiel noted that Bitcoin has only seen annual declines thrice over its 16-year history, with one taking place during the pandemics market disruption. He added that Bitcoins average annual appreciation of 29% to 50% suggests that incremental, consistent investments could yield strong returns over time.
Thiel also emphasized that growing accessibility through major financial institutions is reshaping market conditions. He pointed to major traditional institutions offering access to Bitcoin via platforms like Fidelitys E-Trade.
He also predicted that BTC will climb to $200,000 by the end of 2025.
Heightened optimism
Thiel also pointed to broader policy shifts that could act as catalysts for Bitcoins growth. He expressed optimism about the possibility of a US Bitcoin reserve under a more crypto-friendly administration.
With David Sacks, a prominent crypto advocate, expected to take on an advisory role at the White House, Thiel anticipates regulatory adjustments that favor the digital asset sector.
MARA Holdings continues to expand its position in Bitcoin, ending 2024 with 44,893 BTC worth approximately $4.4 billion. The company acquired over 22,000 BTC at an average price of $87,205 and mined 9,457 BTC throughout the year.
Additionally, MARA reported a 15% boost in its mining capacity, surpassing its year-end goal by reaching 53.2 exahashes per second.
Thiels comments reflect a growing sentiment that institutional adoption and favorable regulations could shape Bitcoins future, positioning it as an increasingly integral part of the financial landscape.
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Text source: CryptoSlate
