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The Motley Fool Plans To Invest $5 Million In Bitcoin And Bets on "10x Potential"
Summary: The Motley Fool, a well-known investment and wealth management website, today announced that it will buy $5 million Bitcoin in cash in the coming weeks. The company explained the investment reason from three aspects. First, it believes that Bitcoin will eventually become a better store of value than gold. Second, if the price is stable, ...
The Motley Fool, a well-known investment and wealth management website, today announced that it will buy $5 million Bitcoin in cash in the coming weeks.
The company explained the investment reason from three aspects. First, it believes that Bitcoin will eventually become a better store of value than gold. Second, if the price is stable, BTC can be used as a medium of exchange. Finally, the company sees it as a 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." The company said in a post today.
By Mary Liu
Tags: Bitcoin,The Motley Fool
Link: The Motley Fool Plans To Invest $5 Million In Bitcoin And Bets on "10x Potential" [Copy]
