The Motley Fool, the popular investing website, is suggesting that its readers buy BTC. The company is of the opinion that the investment could increase by ten times of its present value within fifteen years.
In spite of its name, The Motley Fool is acknowledged for providing wise investing information. Today, it advised its visitors to purchase Bitcoin.
Apart from that, the private investing advice firm is purchasing five million USD worth of the speedily rising asset, which is presently trading at a record high above fifty-two thousand USD.
In a recent post, the website mentioned,
“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.”
It is to be noted that The Motley Fool is not going all in on Bitcoin unlike MicroStrategy, which has followed an aggressive BTC purchasing approach.
Notably, the website suggests holding thirty different stocks for at least five years, as part of its 10x campaign. With a diverse investment portfolio, even if some assets don’t work well, the big winners might give a huge return on initial investment, as per the website.
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