#BitcoinHashRateSurge CEO of mining MARA Holdings gave advice to bitcoin investors
Fred Thiel, CEO of the American mining company MARA Holdings, spoke about the strategy for buying bitcoin that he is going to adhere to and shared a forecast for the prospects of the first cryptocurrency. Fred Thiel, in an interview with Fox Business, advised private investors to “buy a little” bitcoin and “forget” about their investments. The businessman said that over the past 14 years, the bitcoin rate has fallen significantly only three times. However, “investing and forgetting” may be a difficult task for some investors, since bitcoin is considered a risky asset due to its high volatility. “The recommendation, even to my children, is to invest a little money in bitcoin every month and forget about it. Over two, three, four years, the invested funds will multiply. On average, bitcoin grows by 29-50%,” said Fred Thiel. The head of MARA Holdings listed several factors that, in his opinion, can push the bitcoin rate up in the coming year. First of all, this is the creation of a strategic state reserve of bitcoins in the United States, as well as “the formation of a more loyal regulatory environment for the crypto industry” under the Donald Trump administration.Bitcoin-linked exchange-traded funds (ETFs) could also motivate large investors to “indirectly invest” in Bitcoin, the mining company’s CEO added. Fred Thiel previously suggested that regulators reward miners for using renewable energy sources when mining Bitcoin, noting that MARA Holdings is trying to maximize the share of “green” energy consumed.