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The fifth-largest investment website in the world with over 80 million monthly visitors, The Motley Fool’s positive outlook for the future of bitcoin is another data point in the coin’s journey as the influential consultative organization enters the debate.
Investment Advice Provider Estimates Bitcoin Will Offer Ten Times Higher Returns Over Next 15 Years
The Motley Fool announced a $ 5 million investment in Bitcoin as part of a long-term plan to achieve 10x ROI over the next 15 years.
As the fifth largest investment website in the world, with over 45 million unique visitors in January alone, The Motley Fool’s positive outlook for the future of bitcoin is another data point in the journey of the market. piece as an influential advisory body enters the debate.
This decision is more than just a one-time bitcoin investment. The Motley Fool is a respected voice in the investment world – essentially a crypto influencer. By adding the coin to its 10x portfolio alongside 39 other stocks, Motley is essentially supporting Bitcoin as a long-term strong hold for an audience of millions that includes many investors.
A direct investment in Bitcoin
This is a direct investment in bitcoin, with Motley cutting down on EFT as an “ overpriced ” route to the market. Members of the site will have the opportunity to read advice from its analysts and editors before the website adds $ 5 million worth of bitcoin to its balance sheet.
Explaining their decision to invest such a large amount of money in bitcoin, The Motley Fool provided the following three reasons, shared in a tweet:
Here’s why:
1. We believe it will store value more efficiently than gold in the long run.
2. We believe that it can become a means of transaction, as prices stabilize in the coming decade.
3. We believe it can act as a productive hedge against inflation.– The Motley Fool (@themotleyfool) February 17, 2021
Institutional investments in bitcoin still have a lot of room for improvement. According to bitcointreasuries.org, at least 38 companies hold a total of $ 66.5 billion in BTC, or just 6.04% of the total Bitcoin supply. Yet, as organizations like The Motley Fool, Microstrategy, and Tesla put their money where they are, more and more institutions may gradually follow suit.
Do you think The Motley Fool will now start advising their millions of their website visitors to buy bitcoin? Let us know in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
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