Podcasts Technology Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News 486: INVESTMENT GIANT THE MOTLEY FOOL PREDICTS $500K BITCOIN TARGET AND ADDING BTC TO ITS BALANCE SHEET!!

486: INVESTMENT GIANT THE MOTLEY FOOL PREDICTS $500K BITCOIN TARGET AND ADDING BTC TO ITS BALANCE SHEET!!

Published: Feb. 18, 2021, 3:14 p.m.

Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin (BTC) with the expectation that it will rise to $500,000.

Announced earlier today via a blog and Twitter post, the firm stated it won’t be “buying overpriced ETFs” but will be “buying Bitcoin directly.” Currently ranked fifth globally in the investing category, according to SimilarWeb, and with 87 million website visits per month, The Motley Fool outlined three core reasons behind the purchase: Bitcoin is a better store of value than gold, it's an effective hedge against inflation and it has the potential to become a transactional asset.

The firm will be investing in Bitcoin through its 10X real-money portfolio as one of 40 assets that it predicts will provide a 1,000% return over the next 15 years. The firm has recommended the digital asset as a core holding to all its 10X members and has provided time for them to purchase BTC before The Motley Fool initiates its own purchase. It added that in the coming weeks the company "will also be separately buying $5 million in Bitcoin on our own balance sheet."

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