Motley Fool adding $5M in Bitcoin to its ‘10X portfolio’ — has a $500K price target

Financial and investment advisory giant Motley Fool announced that it will invest $ 5 million in Bitcoin with an expected rise of $ 500,000.

Announced earlier today via Blog and Twitter After that, the company stated that it would not “buy the high priced ETFs” but would “buy bitcoin directly.” The Motley Fool currently ranks fifth in the world in the investment category according to LikeWeb, and with 87 million monthly visits to the site, The Motley Fool identifies three primary reasons for the purchase: That Bitcoin is the best store of value in gold, it is an effective hedge against inflation and that it is potentially Become an asset of transactions.

The company will invest in Bitcoin with a 10x real money portfolio as one of 40 assets it expects will provide a return of 1,000% over the next fifteen years. The company recommended the digital asset as a base contract to all of its 10-fold members and made time for them to purchase BTC before The Motley Fool begins its purchase.

Because of the long-term commitment, the advertisement makes clear that volatility is not a cause for concern.

“While Bitcoin may continue to fluctuate in the short term, we believe it has 10x potential of today’s levels in the long run as part of a diversified portfolio. We plan to hold this Bitcoin investment for many years.”

If the company’s forecast proves correct, it will see Bitcoin exceed $ 500,000 within the next 15 years. Motley Fool says he has a proven track record of his investments.

Motley Fool has so far identified 10 of 40 investment choices for the 10X portfolio to date, with others being the Appian Corporation Cloud Computing Corporation, Swiss Biotech Company CRISPR Therapeutics, Cybersecurity Company CrowdStrike, Etsy E-commerce Platform, Fulgent Genetic Testing Platform, Insurance Company Lemondate, Pinterest, the mobile gaming platform Skillz, and the video communications company Zoom. It should be noted that many of these stocks have already been recommended in the company’s other core investment services.

The consulting firm has been aware of cryptocurrencies for years now, with a 2017 analysis indicating that Bitcoin’s biggest competitor was not Ethereum, but Litecoin.

Fun fact: The second most visited site users go to from The Motley Fool is Inland Revenue Services