In a recent interview with FOX Business, Fred Thiel, CEO of Bitcoin (BTC) mining firm MARA Holdings, advocated an “invest and forget” strategy for retail investors looking to gain exposure to the world’s leading digital currency. Thiel Cites Positive Historical Performance Of Bitcoin BTC continues to trade within the mid-$90,000 range after a recent pullback from its all-time high (ATH) of $108,135. While crypto analysts keep a close eye on the flagship cryptocurrency’s price movements, major BTC holders appear less concerned about short-term fluctuations. Related Reading: Bitcoin ‘Head and Shoulders’ Setup Raises Fears Of $80,000 Price Drop – Details Citing Bitcoin’s historical performance, Thiel advised retail investors to adopt a long-term approach. He noted that Bitcoin has closed the year at a lower price only three times in its 14-year history, including during the peak of the COVID-19 pandemic. Thiel stated: My recommendation, to my kids, for example, is they put just a little bit away every month in Bitcoin and forget about it. Over two, three, four years, it grows, and that’s what people do. Thiel also emphasized BTC’s consistent growth, highlighting that it has appreciated annually by an average of 29% to 50%. However, BTC remains a high-risk asset, and risk-averse investors may shy away until the asset class achieves broader acceptance or gains official recognition from a major global economy. For instance, the establishment of a US strategic Bitcoin reserve could solidify the cryptocurrency’s legitimacy as an asset and potentially spark a domino effect, encouraging other nations to follow suit. Thiel described such a reserve as a key catalyst for driving Bitcoin’s price to new highs in 2025. Additionally, Thiel pointed to high institutional involvement through Bitcoin exchange-traded funds (ETFs) and favorable digital asset regulations under the Trump administration as other factors that could support BTC’s growth this year. Although Thiel’s advice was aimed at retail investors, recent data suggests that many are already planning to increase their Bitcoin holdings. According to a poll conducted by MicroStrategy CEO Michael Saylor, over 75% of 65,164 respondents intend to end 2025 with more BTC than they started with. The poll reflects growing enthusiasm among retail investors, buoyed by bullish developments in 2024 such as ETF approvals, the Bitcoin halving, and Trump’s election victory in November. More Companies Adding BTC To Balance Sheet Bitcoin adoption among corporations continues to grow. While MARA Holdings already holds BTC on its balance sheet, rival crypto mining company Hut 8 recently expanded its holdings to more than 10,000 BTC. Related Reading: Bitcoin May Surge To $200,000 By Mid-2025 Amid ‘Mild’ Price Pullbacks: Report Other firms, such as Japan-based Metaplanet and Canada’s Rumble, joined the Bitcoin movement in 2024. Additionally, Bitcoin ETFs have accumulated over 1 million BTC in under a year since their launch. However, skepticism remains. Japan’s Prime Minister recently expressed caution about the idea of establishing a strategic Bitcoin reserve, reflecting lingering doubts in some quarters. At press time, BTC trades at $97,229, up 0.7% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com
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ARBITRUM PRICE ANALYSIS & PREDICTION (January 6) – ARB Regains Lost Ground But Yet To Recovery Fully, Up 20% Weekly
As volume troops back in the market, ARB advanced bullish and posted gains to test the $0.9 level today. This level has halted buying activity in the past hour but it is expected to continue if the volume level increases. Last December’s drop took many by surprise as several altcoins including ARB broke down to a month low during the market-wide correction. Technically, that correction was healthy for the market to enable robust growth in the future, although it caused a serious panic in the market but the sellers short-lived their expectations as the price bounced back. While the sellers aim to resume pressure during the brief consolidation phase, the bulls took advantage of the bounce this week and pushed higher amid current rising demand. Fortunately, the wide but short correction halted and the price increased consistently. Looking at the latest setup, the bulls are back in action, although they are yet to recover all the lost grounds. A clear break above the previous monthly high should set the stage for a massive bullish move. Conversely, a rejection there could subject the price to a consolidation before breaking up. Now that ARB is starting the new year in a grand style, we can expect an explosive move when a break-up occurs. ARB’s Key Level To Watch Source: Tradingview Aside from the close $0.96 resistance, the key target level for the bulls right now is $1.1. If they overcome it, the $1.24 level would be the next resistance to watch with a potential breakout to $2 in the near term. A drop from the current trading level could trigger a small pullback to $0.74. Meanwhile, the latest move is supported by $0.7. Lower levels to watch for a breakdown are $0.613 and $0.57. Key Resistance Levels: $0.96, $1.1, $1.24 Key Support Levels: $0.705, $0.613, $0.57 Spot Price: $0.89 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! NewsBTC
Bitcoin’s Future in 2025: Potential Highs of $200,000 Amid Market Volatility and Economic Factors
The crypto market braces for a turbulent start to 2025 with the upcoming CPI data release and FOMC meeting potentially impacting Bitcoin’s momentum. Market analysts are now projecting that Bitcoin NewsBTC