CEO Predicts Institutional Involvement to Drive Bitcoin’s Value
MARA Holdings CEO Fred Thiel believes that institutional involvement will play a key role in increasing Bitcoin’s value, positioning it as a long-term growth asset.
Steady Investment Strategy
In a recent interview with FOX Business on Jan. 2, Thiel encouraged retail investors to adopt a steady, long-term investment strategy by regularly purchasing small amounts of Bitcoin.
Historical Performance
Thiel highlighted that Bitcoin has only seen annual declines thrice over its 16-year history, with one occurring during the pandemic’s market disruption. He also pointed out that Bitcoin’s average annual appreciation of 29% to 50% suggests that consistent investments could yield strong returns over time.
Accessibility Through Financial Institutions
Thiel emphasized the growing accessibility of Bitcoin through major financial institutions like Fidelity’s E-Trade, reshaping market conditions and making it easier for investors to participate in the crypto market.
Optimistic Outlook and Policy Shifts
Thiel also expressed optimism about potential policy shifts that could act as catalysts for Bitcoin’s growth, including the possibility of a US Bitcoin reserve under a more crypto-friendly administration. With David Sacks expected to take on an advisory role at the White House, Thiel anticipates regulatory adjustments that could benefit the digital asset sector.
MARA Holdings Expansion in Bitcoin
MARA Holdings ended 2024 with a significant position in Bitcoin, holding 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% increase in its mining capacity, exceeding its year-end goal by reaching 53.2 exahashes per second.
Future of Bitcoin
Thiel’s comments reflect a growing sentiment that institutional adoption and favorable regulations could shape Bitcoin’s future, making it an increasingly integral part of the financial landscape.
Bitcoin Market Data
At the time of press 7:30 pm UTC on Jan. 3, 2025, Bitcoin is ranked #1 by market cap with a price increase of 1.11% over the past 24 hours. Bitcoin’s market capitalization stands at $1.95 trillion with a 24-hour trading volume of $35.57 billion.
Crypto Market Summary
At the same time, the total crypto market is valued at $3.51 trillion with a 24-hour volume of $119.03 billion. Bitcoin dominance currently sits at 55.73%.