Yes gentlemen, The Motley Fool website, known for offering investment advice, today threw flowers at the crypto leader, but also invested $ 5 million in Bitcoin.
The flood of crypto investors is just beginning
Today The Motley Fool published a note advising its readers to invest in Bitcoin, but the website knows that credibility is vital and therefore backed its advice with an investment in Bitcoin equivalent to USD 5 million.
“While it is highly possible that Bitcoin will continue to be volatile in the short term, we believe that it has potential 10 times greater than current levels in the long term as part of a diversified portfolio,” the website said in a post today.
Therefore, very wisely, and as many other experts have advised, they assured that their relationship with Bitcoin will be long-term.
But, in addition, they argued in the note their investment with these three key points:
The leading crypto will eventually be a better store of value compared to gold. Should its price stabilize, Bitcoin can be used as a medium of exchange. And last but not least, it explained that Bitcoin at the moment it is an excellent hedge against inflation.
This is how The Motley Fool assured that the price of Bitcoin could multiply by 10 during the next 15 years. In this way, now the leading crypto is part of its 10x campaign, so called because it focuses on investments with the potential to produce returns of 1,000%.
BlackRock to venture into Bitcoin
During an interview with CNBC, BlackRock executive Rick Rieder said the company has “started to dabble in” the crypto leader.
“My feeling is that technology has evolved and regulation has evolved to the point where a number of people find it should be part of the portfolio,” he said on CNBC’s Squawk Box.
MicroStrategy is not satisfied, it wants more crypto
Did you think MicroStrategy would settle for a $ 600 million investment in Bitcoin? You’re wrong! Now he raises his bet to $ 900 million.
As you may recall, we recently reported in CryptoTrend that MicroStrategy would be investing another $ 600 million in the leading crypto. However, it seems that the figure did not seem enough to him given that he has bet another $ 300 million.
It reported today that it will sell $ 900 million in senior convertible notes due 2027 in a private offering to qualified institutional buyers with the goal of investing in crypto.
Wedbush analyst assures that the leading crypto is not temporary
Many crypto investors still fear that Bitcoin is just a fad. However, Dan Ives, CEO of Wedbush Securities, explained to CNBC why this is not the case.
“Mania is not a fad in our opinion, but rather the beginning of a new era on the digital currency front,” Ives said.
Dave Portnoy refuses to invest in Bitcoin
Dave Portnoy has been a topic of conversation on social media after he will ensure that he will never invest in the leading crypto again.
I will never buy Bitcoin. Never never. I don’t believe anything about it, ”he said. “I do think it is profitable. I think with enough momentum, it may continue to go up forever, but I am not buying the underlying garbage behind it, ”he added.
In a few lines …
Although he did not close down on the possibility, Microsoft president Brad Smith assured that there are no plans for the company to invest in crypto. Elliptic’s co-founder assured that various financial institutions in the United States are showing interest in crypto Canadian regulators approve another application for a Bitcoin ETF submitted by Evolve Funds Group.
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