The fifth largest investment site in the world, with more than 80 million monthly visitors, The Motley Fool’s positive outlook for the future of bitcoin is another data point on the currency journey as the influential consulting organization enters the debate.
Investment advice provider believes bitcoin will deliver 10 times greater returns over the next 15 years
The Motley Fool 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 global investment site, with over 45 million unique visitors in January alone, The Motley Fool’s positive outlook for the future of bitcoin is another data point on the currency journey as an influential consulting organization enters the debate.
This move is much more than just a single investment in bitcoin, however. Motley Fool is a respected voice in the investment world – essentially, a cryptography influencer. By adding the currency to his 10x portfolio alongside 39 other stocks, Motley is essentially supporting Bitcoin as a strong long-term support for an audience of millions that includes many investors.
A direct investment in Bitcoin
This is a direct investment in bitcoin, with Motley eliminating EFTs as an ‘overpriced’ route to the market. Site members will have the opportunity to read the guidance of their analysts and copywriters before the site adds $ 5 million in bitcoins to their balance sheet.
Explaining his decision to invest such a significant 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 effectively than gold in the long run.
2. We believe it can become a medium for transactions, if / if prices stabilize in the next decade.
3. We believe it can act as a productive hedge against inflation.– The Motley Fool (@themotleyfool) February 17, 2021
Institutional investment in bitcoin still has a lot of room to grow. According to bitcointreasuries.org, at least 38 corporations hold a total of $ 66.5 billion in BTC, just 6.04% of the total Bitcoin supply. Still, as organizations like The Motley Fool, Microstrategy and Tesla put their money where it is, more institutions can gradually follow suit.
Do you think Motley Fool will now begin advising its millions of website visitors to buy bitcoin? Let us know in the comments section below.
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