MARA Holdings Urges Bitcoin “Invest-And-Forget” Strategy As Bitget Sees $200K BTC This Year
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....