Fred Thiel Shares His Bitcoin Investment Insights
Fred Thiel, CEO of MARA Holdings, advised retail investors to buy Bitcoin with a long-term outlook, pointing out its historic 50% growth rate over several years.
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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 remarked.
MARA Holdings shares a similar philosophy to MicroStrategy, adopting a long-term holding strategy for its mined Bitcoin earlier this year. The company also plans to issue bonds and raise funds to expand its Bitcoin portfolio, echoing the tactics of Michael Saylor’s firm.
Currently, MARA Holdings holds 44,394 BTC, equivalent to roughly $4.26 billion, making it the second-largest Bitcoin holder among publicly traded companies. Meanwhile, MicroStrategy leads the way with an extraordinary 446,400 BTC, recently adding 2,138 more coins to its reserves.
Check out: Fred Thiel and His Mining Empire
Thiel is optimistic that the creation of an American Bitcoin reserve and improved regulatory clarity for cryptocurrencies could bolster BTC’s value. Yet, despite this positive outlook, Bitcoin continues to stand out as a high-risk, highly volatile asset when compared to traditional investment vehicles.
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