Stock Advisor The Motley Fool to Buy $5 Million Bitcoin
The Motley Fool, a stock advisor and research company, has announced they are to buy $5 million worth of bitcoin.
“We believe it will store value more effectively than gold over the long term, it may become a medium for transactions – as/if pricing stabilizes in the decade ahead – and it can act as a productive hedge against inflation,” they say.
The Motley Fool further advises buying bitcoin, saying they think it will 10x. The stock advisor said:
“In our 10X real-money portfolio, we are recommending and buying Bitcoin. It will be a core holding in our 10X portfolio.
There are 39 other stocks we believe are on a path that could potentially lead to 10x returns at some point over the next 15 years. We believe Bitcoin could deliver those returns as well.”
This is notable because for months now The Motley Fool has constantly put out headlines stating forget bitcoin, buy this or that stock to get rich.
In fairness they do say “writers and analysts for The Motley Fool might have differing opinions on Bitcoin.”
However, the stock fortress seems to have fallen to crypto, and therefore a lot of stock investors are now coming this way.
“Finally, we aren’t buying overpriced ETFs as our route into Bitcoin. We are buying Bitcoin directly.”
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