MARA CEO touts Bitcoin’s long-term benefits for retail holders, predicts $200k by year-end
MARA Holdings CEO Fred Thiel believes institutional involvement will significantly increase Bitcoin’s value, positioning the flagship crypto as a long-term growth asset.
Speaking in a Jan. 2 interview with FOX Business, Thiel encouraged retail investors to adopt a steady, long-term investment strategy by regularly purchasing small amounts of Bitcoin.
Thiel noted that Bitcoin has only seen annual declines thrice over its 16-year history, with one taking place during “the pandemic’s market disruption.” He added that Bitcoin’s average annual appreciation of 29% to 50% suggests that incremental, consistent investments could yield strong returns over time.
Thiel also emphasized that growing accessibility through major financial institutions is reshaping market conditions. He pointed to major traditional institutions offering access to Bitcoin via platforms like Fidelity’s E-Trade.
He also predicted that BTC will climb to $200,000 by the end of 2025.
Heightened optimism
Thiel also pointed to broader policy shifts that could act as catalysts for Bitcoin’s growth. He expressed optimism about the possibility of a US Bitcoin reserve under a more crypto-friendly administration.
With David Sacks, a prominent crypto advocate, expected to take on an advisory role at the White House, Thiel anticipates regulatory adjustments that favor the digital asset sector.
MARA Holdings continues to expand its position in Bitcoin, ending 2024 with 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% boost in its mining capacity, surpassing its year-end goal by reaching 53.2 exahashes per second.
Thiel’s comments reflect a growing sentiment that institutional adoption and favorable regulations could shape Bitcoin’s future, positioning it as 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 and the price is up 1.11% over the past 24 hours. Bitcoin has a market capitalization of $1.95 trillion with a 24-hour trading volume of $35.57 billion. Learn more about Bitcoin ›
Bitcoin
7:30 pm UTC on Jan. 3, 2025$98,711.30
1.11%Crypto Market Summary
At the time of press 7:30 pm UTC on Jan. 3, 2025, the total crypto market is valued at at $3.51 trillion with a 24-hour volume of $119.03 billion. Bitcoin dominance is currently at 55.73%. Learn more about the crypto market ›
