MARA Holdings CEO Fred Thiel said investors should adopt an invest-and-forget strategy for Bitcoin as Bitget Research predicted the leading crypto’s value could soar to $200K in 2025.
“My recommendation, to my kids, for example, is they put just a little bit away every month in Bitcoin and forget about it,” Thiel said in a Jan. 2 interview with FOX Business. He also noted that BTC’s price has only fallen 3 times over the past 14 calendar years.
US Spot Bitcoin ETFs Near $110 Billion
Thiel’s advice comes amid growing institutional interest in the largest crypto by market cap. Since their launch in January last year, US spot BTC ETFs’ cumulative reserves have soared to 1.133 million BTC, which is 5.72% of the entire Bitcoin supply, according to data from Dune .
With BTC trading at $96,688.19 as of 12:40 a.m. EST, the funds’ collective BTC holdings have surpassed $109.5 billion. This comes despite the net outflows ETFs suffered on Jan. 2.
Farside data shows that BlackRock’s IBIT, which currently dominates the Bitcoin ETF market, registered $332.6 million net outflows yesterday. Grayscale’s GBTC was the only other BTC ETF to post net outflows on Jan. 2 after $23.1 million left its reserves.
The remaining funds all recorded net inflows or no new flows. Overall, $247.8 million worth of BTC left the funds yesterday.
Bitget Predicts BTC Will Soar To $200K In 2025
Bitget Research chief analyst Ryan Lee said in a recent interview that these investment products are poised to bring more institutional adoption this year.
More specifically, Lee mentioned that BlackRock’s IBIT will continue its dominance because of how easy the ETF makes it for large investors to buy into BTC.
Should IBIT manage to keep attracting investors, the analyst predicts the leading crypto could soar to $200K this year. Lee cautioned, however, that “the trajectory will be influenced by regulatory developments, market dynamics and broader economic conditions.”
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