MARA CEO Advocates “Invest And Forget” Approach To Bitcoin, Citing Strong Historical Performance
Fred Thiel, CEO of MARA Holdings, recommends an "invest and forget" strategy for retail investors in Bitcoin (BTC), citing its historical performance. BTC is currently trading in the mid-$90,000 range after a recent decline from its all-time high of $108,135. Thiel highlights that Bitcoin has only closed lower at year-end three times in 14 years and has appreciated annually by 29% to 50%. He notes that a US strategic Bitcoin reserve could enhance legitimacy and drive prices higher by 2025. Institutional interest is growing, with Bitcoin ETFs accumulating over 1 million BTC. A poll indicates over 75% of retail investors plan to increase their BTC holdings by the end of 2025. Companies like Hut 8 and others are also increasing their Bitcoin reserves, despite some skepticism from leaders like Japan's Prime Minister. BTC is currently priced at $97,229, reflecting a 0.7% increase in the last 24 hours.
