The Motley Fool is the fifth largest investment website in the world with over 80 million monthly visitors. Bitcoin’s positive outlook for the future is another data point down the coin as the influential advisory organization delves into the debate.
Investing Advice Provider believes that Bitcoin will generate ten times the returns over the next 15 years
The Motley Fool has announced a $ 5 million investment in Bitcoin as part of a long hold plan to generate a 10x return on its investment over the next 15 years.
As the fifth largest investment website in the world, with more than 45 million visitors in January alone, The Motley Fool’s positive outlook on the future of Bitcoin is another data point on the coin as an influential advisory organization plunges into the debate.
However, this step is much more than just a one-time investment in Bitcoin. The Motley Fool is a respected voice in the investing world – essentially a crypto influencer. By adding the coin to its 10x portfolio along with 39 other stocks, Motley is essentially supporting Bitcoin as a strong long-term hold for an audience of millions that includes many investors.
A direct investment in Bitcoin
This is a direct investment in Bitcoin, with Motley launching EFTs as an “overpriced” route into the market. The site’s members are given the opportunity to read their analysts and writers’ guidelines before the site includes $ 5 million in Bitcoin on its balance sheet.
Explaining its decision to invest such a significant amount of money in Bitcoin, The Motley Fool provided the following three reasons, which were shared in a tweet:
1. We believe it will store value more effectively than gold in the long run.
2. We believe it can become a medium for transactions, as if pricing stabilizes in the next decade.
3. We believe this can be a productive hedge against inflation.
– The Colorful Fool (@themotleyfool) February 17, 2021
Institutional investments in Bitcoin still have plenty of room for growth. According to bitcointreasuries.org, at least 38 companies hold BTC valued at $ 66.5 billion, which is only 6.04% of the total Bitcoin supply. But if organizations like The Motley Fool, Microstrategy and Tesla put their money where they are, other institutions will gradually follow suit.
Do you think The Motley Fool will now advise millions of website visitors to buy Bitcoin? Let us know in the comments below.
Photo credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or an invitation to make an offer to buy or sell, or a recommendation or approval of products, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.