Investing Site Motley Fool Purchased $5 Million In BTC

The investing site Motley Fool has just purchased $5 million in BTC while recommending that its readers do the same because its value could surge by 10x in the next 15 years so let’s read more about it in our latest Bitcoin news.

Motley Fool is known for providing sage advice to traders and today it advised that readers should buy Bitcoin. The Investing site Motley Fool just bought $5 million of the skyrocketing asset which is now sitting at record highs above $52,000:

 “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 investment site mentioned three reasons for the BTC investment as it believes that BTC will become a better store of value than gold and if the price stabilizes, BTC will also be used as a medium of exchange so the company sees it as a hedge against inflation too. Unlike business intelligence company Microstrategy that started aggressively buying BTC, the Motley Fool is not going all-in on BTC. As a part of its new campaign that is focused on investments that have the potential to produce 1000% returns, it recommends holding 30 separate stocks for the next five years.
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Having a diverse portfolio is great because if some assets don’t do well, the big winners will produce a big bump in return.

Speaking of investing in BTC, Microstrategy announces $600M in BTC as the software maker announced another convertible note issuance for investors to purchase BTC which comes a month after the company already raised $650 million in a separate offering to purchase BTC.  The news pushed the price of BTC to a new high of $50,085 in the short pump which retraced to a $49,650 level as of late. As per the reports, Microstrategy announces a $600 million investment in BTC with the notes being unsecured and will bear interest payable semi-annually in arrears on February 15 and August 15 every year, starting with this one. The notes will mature on February 15, 2027, unless they are repurchased earlier or converted in accordance with their terms.