Wednesday, February 17, 2021 10:24:31 PM
February 17 2021 - 08:14PM
Cointelegraph
“We plan to hold this Bitcoin investment for many years and we'll wait for all of our members in our new 10X service to be able to buy before we do.”
https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/84367793/motley-fool-adding-5m-in-bitcoin-to-its-10x-por
JOSHUA MAPPERSON
2 HOURS AGO
Motley Fool adding $5M in Bitcoin to its ‘10X portfolio’ — Has a $500K price target
“We plan to hold this Bitcoin investment for many years and we'll wait for all of our members in our new 10X service to be able to buy before we do.”
https://cointelegraph.com/news/motley-fool-adding-5m-in-bitcoin-to-its-10x-portfolio-has-a-500k-price-target
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.
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.
Here’s why:
— The Motley Fool (@themotleyfool) February 17, 2021
1. We believe it will store value more effectively than gold over the long term.
2. We believe it may become a medium for transactions, as/if pricing stabilizes in the decade ahead.
3. We believe it can act as a productive hedge against inflation.
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.
Due to the long-term commitment, the announcement explains that volatility is of little concern.
“While Bitcoin may very well continue to be volatile in the short term, we think it has 10x potential from today's levels over the long term as part of a diversified portfolio. We plan to hold this Bitcoin investment for many years.”
Should the company’s prediction prove true, it will see Bitcoin passing $500,000 within the next 15 years. The Motley Fool says it has a solid track record with its investments.
The Motley Fool has so far named 10 of the 40 investment picks for the 10X portfolio, with the others being cloud computing company Appian Corporation, Swiss biotech firm CRISPR Therapeutics, cybersecurity firm CrowdStrike, e-commerce platform Etsy, genetic testing platform Fulgent, insurer Lemondate, social media platform Pinterest, mobile gaming platform Skillz and video communication firm Zoom. It is worth noting that many of these stocks have already been recommended in the firm’s other, more basic investment services.
The advisory firm has been aware of cryptocurrencies for years now, with a 2017 analysis suggesting that Bitcoin’s biggest competitor was not Ethereum but Litecoin.
Recent BTCUSD News
- Crypto Expert Forecasts The ‘Age of Ethereum’: What This Means • NEWSBTC • 05/10/2024 11:30:19 AM
- Grayscale Bitcoin ETF nullifies $66.9M inflows in 2 days • Cointelegraph • 05/10/2024 11:21:49 AM
- Joe Biden Is Trying To ‘Kill Crypto’ — Serious Warning Could Spell Chaos For Bitcoin, Ether, ADA, XRP • ZyCrypto • 05/10/2024 11:20:43 AM
- The Legitimacy of Option2Trade (O2T) Amid Ongoing Presale • ZyCrypto • 05/10/2024 10:54:09 AM
- ByBit to launch Notcoin trading and withdrawals next week • Cointelegraph • 05/10/2024 10:32:17 AM
- Ethereum Foundation Moves 1,000 ETH – Is The Top In? • NEWSBTC • 05/10/2024 10:00:55 AM
- Exodus CEO frustrated as SEC delays listing amid celebrations • Cointelegraph • 05/10/2024 09:31:23 AM
- How to securely store crypto in software wallets • Cointelegraph • 05/10/2024 09:28:57 AM
- X launches AI-curated audiences for advertisers • Cointelegraph • 05/10/2024 09:27:23 AM
- Kraken counters SEC’s legal interpretation in dismissal motion • Cointelegraph • 05/10/2024 09:25:02 AM
- Here’s When Bitcoin Could Bottom Out Based on Historical Precedent, According to Analyst Benjamin Cowen • The Daily Hodl • 05/10/2024 09:15:13 AM
- TON Price Surges 15% In A Day But Signs of Bullish Exhaustion Emerge • NEWSBTC • 05/10/2024 08:48:37 AM
- BNB Price Faces Crucial Test: Will $600 Withstand the Pressure? • NEWSBTC • 05/10/2024 08:21:58 AM
- Russian opposition activist launches zero-knowledge voting app to challenge Putin’s inauguration • Crypto Briefing • 05/10/2024 08:09:40 AM
- Donald Trump Could Be Bitcoin’s Biggest Price Booster: Experts • NEWSBTC • 05/10/2024 07:45:18 AM
- BlockFi partners with Coinbase for fund distribution amid shutdown • Cointelegraph • 05/10/2024 07:32:04 AM
- Crypto Analyst Says Bullish Cycle Not Over, Predicts $100,000 Bitcoin in Fourth Quarter – But There’s a Catch • The Daily Hodl • 05/10/2024 07:04:39 AM
- SBF maintains his innocence as he trades rice in jail • Cointelegraph • 05/10/2024 06:17:28 AM
- RNDR pumps 11% after Apple mentions Octane • Cointelegraph • 05/10/2024 05:41:57 AM
- Altcoins will bottom in early summer before bull run — Analyst • Cointelegraph • 05/10/2024 05:25:00 AM
- XRP Price Consolidates Below $0.530: What Could Trigger More Losses? • NEWSBTC • 05/10/2024 04:28:34 AM
- Tether refutes Deutsche Bank research revealing stablecoin solvency risks • Crypto Briefing • 05/10/2024 04:13:21 AM
- Ethereum L2 Eclipse CEO steps back amid sexual misconduct claims • Cointelegraph • 05/10/2024 04:13:09 AM
- Jack Dorsey says Bitcoin will be worth 'at least a million' by 2030 • Cointelegraph • 05/10/2024 04:05:44 AM
- Ethereum Price Signals Fresh Increase Unless Fails To Surpass $3,080 • NEWSBTC • 05/10/2024 03:23:43 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM