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 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.”
The company emphasizes the importance of diversifying one’s portfolio and holding for a minimum of five years. Still, they are confident that bitcoin can yield returns of 10x its value within the next 5-15 years, bringing its price to $500,000.