Chain News Today TheBitTimes.com

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....

Bitget’s report reveals that 84% of survey participants predict Bitcoin (BTC) will hit a new all-time high in 2024. About 70% say they have plans to add to their crypto investments as they eye the next bull run. Bitget, one of the crypto exchanges to see remarkable growth in 2023, has released findings of a new study on Bitcoin’s upcoming halving, which shows an overwhelming majority of investors are bullish on the flagship cryptocurrency post-halving.  Nearly three quarters say the potential for Bitcoin price to skyrocket to a new high weighs on their plans to add to their investments in 2024. The crypto exchange shared the findings of the survey in a report published on Thursday, February 1. Bitget’s study – an overview An Analysis of anonymized data that focused on investors ’ perceptions around Bitcoin’s upcoming halving and how this impacted their investment decisions showed that the market is largely bullish ...