Bitcoin
$ 48,747
Ethereum
$ 1,532.7
Litecoin
$ 180.14
okex ads

‘More Valuable Than Gold’- The Motley Fool Announces $5 Million Investment Into Bitcoin

The fifth-largest investment website globally 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 advisory organization wades into the debate.

Investing Advice Provider Believes Bitcoin Will Deliver Ten-Fold Returns in the Next 15 Years

The Motley Fool has announced a $5 million investment into bitcoin as part of a long-hold plan to gain a 10x return on its investment over the next 15 years.

As the fifth-largest investment website globally, 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 coin’s journey as an influential advisory organization wades into the debate.

This move is much more than merely a one-off investment into bitcoin, though. The Motley Fool is a respected voice in the world of investment – essentially a crypto influencer. By adding the coin to its 10x portfolio alongside 39 other stocks, Motley is essentially backing Bitcoin as a strong long-term hold to an audience of millions that includes plenty of investors.

A Direct Investment in Bitcoin

This is a direct investment into bitcoin, with Motley shooting down EFTs as an ‘overpriced’ route into the market. The site’s members will be given the opportunity to read guidance from its analysts and writers before the website adds $5 million of bitcoin to its balance sheet.

Explaining its decision to invest such a significant sum of money into bitcoin, The Motley Fool provided the three following reasons, shared in a tweet:

 

Institutional investment into bitcoin still has a lot of room to grow. According to bitcointreasuries.org, at least 38 corporations hold a total of $66.5 billion worth of BTC, only 6.04% of the total Bitcoin supply. Yet, as organizations like The Motley Fool, Microstrategy, and Tesla put their money where their mouths are, more institutions may gradually follow suit.

Source: News.bitcoin.com

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

IoTeX Updates Roadmap, to Build A Special Oracle for the Machine Economy in 2021
March 5, 2021By
Jason Simon provides insight into the importance of the agreement between Visa and Coinbase to launch Visa-branded cryptocurrency debit cards.
March 5, 2021By
Bridgewater’s Ray Dalio Says Bitcoin’s a Great Invention Despite Regulatory Uncertainties
March 5, 2021By

Advertisement

Video Posts

In
Fintech Enlightenment Through Quality And Engaging Contents
March 4, 20210
In
Impact Of Emerging Techs
March 4, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin48,747 1.12 % 0.51 % 3.73 %
Ethereum1,532.7 1.96 % 0.73 % 4.35 %
Cardano1.170 0.69 % 6.47 % 8.57 %
Tether1.010 0.00 % 0.99 % 0.27 %
Binance Coin227.64 1.29 % 1.66 % 3.28 %
Polkadot33.58 2.23 % 4.05 % 7.67 %
XRP0.4600 0.49 % 1.09 % 6.42 %
Litecoin180.14 0.81 % 0.84 % 0.20 %
Chainlink27.89 1.32 % 0.36 % 12.95 %
Bitcoin Cash497.92 0.71 % 1.27 % 0.13 %