Motley Fool is one of the largest investment websites in operation, experiencing millions of visitors per month. Motley Fool has announced its five million dollar investment in Bitcoin, leaving the crypto world shaken. As a leading advisory group, Motley Fool believes Bitcoin will rally in the future. The investment mogul has expressed a positive outlook for Bitcoin’s future, even though Bitcoin’s volatility has been frowned upon by other institutions. Bitcoin and other digital currencies lack base values, but Motley Fool has branded Bitcoin as valuable as gold. Digital assets are becoming increasingly popular amongst new investors who are hoping to hedge their assets.
Motley Fool is expected to make more substantial Bitcoin investments later in 2021. By adding Bitcoin to its portfolio, Motley Fool supports cryptocurrencies as long-term holds. Digital currencies have created several legal loopholes and gray areas worldwide, sparking lawsuits between Ripple Labs and the Securities and Exchange Commission. Cryptocurrencies haven’t met the criteria as securities and legal tender, but that hasn’t stopped Motley Fool from influencing the market.