The Motley Fool is purchasing $5 million in Bitcoin and expects a major return on its investment.
The hugely popular financial media outlet says it’s adding BTC to its Discovery 10x campaign, which focuses on long-term investment opportunities that could increase 10x in value.
Alongside the 10x recommendation, in the coming weeks The Motley Fool will add $5 million in Bitcoin to its own balance sheet.
The company highlights three primary reasons for its investment.
“We believe it will store value more effectively than gold over the long term. We believe it may become a medium for transactions, as/if pricing stabilizes in the decade ahead. We believe it can act as a productive hedge against inflation.”
“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.”
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