The fifth largest investment website worldwide with over 80 million visitors a month, and The Motley Fool’s positive outlook for the future of bitcoin is another piece of data in the coin while the influential advisory organization is in the debate.
Investment Advisor believes Bitcoin will deliver tenfold returns over the next 15 years
The Motley Fool has announced a $ 5 million investment in bitcoin as part of a long-term plan to achieve a 10x return on its investment over the next 15 years.
As the fifth largest investment website worldwide, with more than 45 million unique visitors in January alone, The Motley Fool’s positive outlook for the future of bitcoin is another piece of data in the coin’s journey as an influential advisory organization.
However, this step is much more than a one-time investment in bitcoin. The Motley Fool is a respected voice in the world of investing – essentially a crypto-influencer. By adding the currency to its 10x portfolio along with 39 other stocks, Motley supports Bitcoin essentially as a strong long-term asset for an audience of millions that includes many investors.
A direct investment in Bitcoin
It is a direct investment in bitcoin, with Motley shooting down EFTs as too expensive a route to the market. The site’s members will have the opportunity to read guidance from its analysts and writers before the site adds $ 5 million of bitcoin to its balance sheet.
The Motley Fool outlined its decision to invest such a significant amount of money in bitcoin in a tweet:
This is why:
1. We believe that in the long run it will store more effectively than gold.
2. We believe that it can become a medium for transactions, as if the price will stabilize in the coming decade.
3. We believe that it can serve as a productive hedge against inflation.– The Motley Fool (@themotleyfool) 17 February 2021
Institutional investment in bitcoin still has a lot of room to grow. According to bitcointreasuries.org, at least 38 businesses own a total of $ 66.5 billion in BTC, only 6.04% of the total Bitcoin offering. As organizations like The Motley Fool, Microstrategy and Tesla put their money where their mouth is, more institutions can gradually follow suit.
Do you think The Motley Fool would now recommend their millions of visitors to buy bitcoin? Let us know in the comments below.
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