Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ:MARA), suggests that saving consistently in Bitcoin (CRYPTO: BTC) is a smart long-term strategy as the cryptocurrency gains deeper traction in traditional financial markets.
What Happened: In an interview with Fox Business on Thursday, Thiel highlighted Bitcoin's resilience over the past 14 years, stating it has only experienced annual declines three times, one of which coincided with the global market downturn during the COVID-19 pandemic.
"On average, Bitcoin has appreciated between 29% and 50% annually," Thiel observed, recommending a simple strategy for his children: "Put just a little bit away every month in Bitcoin, forget about it, and watch it grow."
Thiel emphasized Marathon Digital's commitment to expanding its Bitcoin reserves, projecting monthly additions of 700-900 BTC through mining alongside ongoing purchases.
On Bitcoin's future price potential, Thiel noted that it hinges on various factors, including the emergence of strategic Bitcoin reserves adopted by nations, which could drive substantial price increases.
Adding to his optimism, Thiel pointed to major financial institutions like E-Trade, Fidelity and Vanguard, which now offer crypto trading services, broadening access to Bitcoin for retail and institutional investors.
Also Read: Bitcoin Is Being Sold Into A Market With 'Ample Demand' From Institutions, Says Marathon CEO Fred Thiel
What's Next: Thiel is optimistic about the future regulatory environment under President-elect Donald Trump. He highlighted the potential impact of appointing crypto advocate David Sacks to the administration's crypto council.
According to Thiel, the administration will focus not only on regulatory and tax frameworks but also on exploring synergies between cryptocurrencies and artificial intelligence, particularly in enhancing energy grid operations.
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Image created using artificial intelligence with Midjourney.
