MARA CEO Fred Thiel said Bitcoin has only fallen in three of the last 14 calendar years, which is why retail should consider buying Bitcoin and just let it appreciate in value.
The CEO of Bitcoin mining firm MARA Holdings, Fred Thiel, has recommended an invest-and-forget Bitcoin strategy for retail investors, citing Bitcoin’s strong price performance over the long term.
In a Jan. 2 interview with FOX Business, Thiel noted that Bitcoin’s (BTC) price has only fallen three times over the last 14 calendar years in arguing why retail investors should adopt the strategy.
“Over two, three, four years, it grows, and that’s what people do,” said Thiel, who added that Bitcoin rises on average between 29% and 50% in most years.
