Fred Thiel, CEO of prominent Bitcoin mining company MARA Holdings, encouraged retail investors to adopt a “buy and hold” approach to BTC investments. In a recent interview, Thiel highlighted Bitcoin’s strong historical performance, emphasizing its resilience and potential for long-term growth.
MARA CEO’s Bitcoin Acquisition
Thiel pointed out that BTC has only recorded annual losses three years out of its 14-year history. One such example was during the COVID-19 pandemic, which triggered a global market downturn. “Bitcoin’s average annual appreciation has been between 29% and 50%,” he said.
Thiel advocates consistent monthly investing, suggesting investors allocate a small portion of their funds to Bitcoin and allow it to grow over time. He gave a personal example: “I advise my children to invest modestly in Bitcoin every month and let it accumulate over time.”
Thiel also identified important developments contributing to Bitcoin’s growing appeal. The increasing integration of cryptocurrency trading from financial giants such as Fidelity, Vanguard, and E-Trade has made Bitcoin more accessible to both institutional and retail investors. Thiel also believes that the establishment of Bitcoin reserves in the United States could have a significant impact on its valuation.
JUST IN: Publicly traded MARA CEO says he will continue to add. #Bitcoin On this year’s balance sheet pic.twitter.com/fqLkwbIq5e
— Bitcoin Magazine (@BitcoinMagazine) January 3, 2025
He also expressed optimism about potential regulatory changes under the new U.S. administration. He pointed to the potential influence of David Sacks, a known cryptocurrency advocate, in a pivotal position.
MARA’s Growing Bitcoin Portfolio and Mining Success
MARA Holdings has demonstrated its commitment to BTC through significant investments and mining operations. By the end of 2024, the company reported holding 44,893 BTC worth approximately $4.4 billion.
According to the December 2024 report released on January 3, Bitcoin mining companies acquired 22,065 BTC and mined an additional 9,457 BTC during the year at an average price of $87,205. The company’s BTC return per diluted share was 62.7% per year, demonstrating efficient mining operations and strategic accumulation of Bitcoin.
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