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 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 a month, The Motley Fool outlined three core reasons behind the purchase: that Bitcoin is a better store of value than gold, it’s an effective hedge against inflation and that 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 which it predicts will provide a 1,000% return over the next 15 anni. 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.

"Anche se Bitcoin potrebbe benissimo continuare ad essere volatile a breve termine, riteniamo che abbia un potenziale 10 volte superiore ai livelli odierni nel lungo termine come parte di un portafoglio diversificato. Abbiamo in programma di mantenere questo investimento in Bitcoin per molti anni ".

Should the company’s prediction prove true, it will see Bitcoin passing $500,000 entro il prossimo 15 anni. The Motley Fool says it has a solid track record with its investments.

The Motley Fool has so far named 10 del 40 investment picks for the 10X portfolio so far 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, con un 2017 analysis suggesting Bitcoin’s biggest competitor was not Ethereum, but Litecoin.

Fun fact: The second most visited site users go to from The Motley Fool website is that of the Internal Revenue Services

Blocciamo gli annunci! (Perché?)

fonte: Cointelegraph

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