Motley Fool adds Bitcoin to model portfolio *and* buys some too

[tinopener]

Online investment advisor and traditional Bitcoin skeptic Motley Fool is adding Bitcoin to its high risk portfolio and even buying $5m for its own balance sheet because:

(1) Better than gold
(2) Will become more of a medium of exchange when volatility decreases
(3) Inflation hedge

This is big news as any active investor who is not a cryptocurrency purist will read Motley Fool tips at least once a month.

Possibly even bigger news is that it advises holding Bitcoin directly instead of through expensive funds or exchange traded products.

https://cointelegraph.com/news/motley-fool-adding-5m-in-bitcoin-to-its-10x-portfolio-has-a-500k-price-target

[Poker Player]

Yeah well, it's good news because just a couple of months you could read things like this on their website:

Here's Why I Won't Buy Bitcoin, and You Shouldn't, Either.

[tinopener]

Yeah well, it's good news because just a couple of months you could read things like this on their website:

Here's Why I Won't Buy Bitcoin, and You Shouldn't, Either.

Absolutely. At first I thought about price manipulation, but I don't think their image could withstand that.

They still hate on Bitcoin proxies like Argo Blockchain (up 1800% in a year) because they see them as hype.

They see pure Bitcoin itself as a long term investment with a 15 year timeframe.

[mk4]

Yeah well, it's good news because just a couple of months you could read things like this on their website:

Here's Why I Won't Buy Bitcoin, and You Shouldn't, Either.

To be totally fair, Sean Williams, the writer of that specific article, is only a writer for Motley Fool and not the owner or a shareholder. In fact, he still has "#BTC is trash" in his Twitter bio.

Regardless, let us not crap on people that called Bitcoin bad things in the past as it's totally a waste of time and unproductive. People change their mind all the time, but it takes balls to publicly announce it; especially for something as controversial as Bitcoin.

[ChrisPop]

Am I the only one who hasn't heard about the Motley Fool publication before?

$5M is not a lot of money in the institutional world, but yet as I see the website provides financial education for the average joe and not only.
According to CoinTelegraph article the website has 87 million views/month. That's serious exposure for Bitcoin. If let's say 10% of those views (8.7 million) are unique people that put $500 into BTC that would be $4bn added to BTC market cap. So it's kind of a big deal if you think about it.

[BrewMaster]

Absolutely. At first I thought about price manipulation, but I don't think their image could withstand that.

it wouldn't be the first time someone manipulated a market for personal gains and it won't be the first for bitcoin either. we even had big banks such as JPMorgan manipulate the price to buy bitcoin cheap after the drop after their FUD.

[milani]

Online investment advisor and traditional Bitcoin skeptic Motley Fool is adding Bitcoin to its high risk portfolio and even buying $5m for its own balance sheet because:

(1) Better than gold
(2) Will become more of a medium of exchange when volatility decreases
(3) Inflation hedge

This is big news as any active investor who is not a cryptocurrency purist will read Motley Fool tips at least once a month.

Possibly even bigger news is that it advises holding Bitcoin directly instead of through expensive funds or exchange traded products.

https://cointelegraph.com/news/motley-fool-adding-5m-in-bitcoin-to-its-10x-portfolio-has-a-500k-price-target

I have never oriented on different advisors' opinions or statements. They are only humans like lots of other investors or just ordinary guys. Think twice and decide by your own opinion. Because tomorrow he may change his opinion for example, and there will not be 100% guarantee that his decision will be right or will be suitable for you. Nowadays lots of people change their opinions about Bitcoin and it is not a great surprise. Nowadays there is such a positive tendency. 

[tinopener]

I have never oriented on different advisors' opinions or statements. They are only humans like lots of other investors or just ordinary guys. Think twice and decide by your own opinion. Because tomorrow he may change his opinion for example, and there will not be 100% guarantee that his decision will be right or will be suitable for you. Nowadays lots of people change their opinions about Bitcoin and it is not a great surprise. Nowadays there is such a positive tendency.  

Well, I already own Bitcoin, probably like most people here. The reason I think this is big news, is that the audience that read Motley Fool are the audience that has the money to take Bitcoin to the next level.

These are the retail investors that will buy the Bitcoin products from the investment institutions. These institutions don't exist in a vacuum.

They are the missing link in that part of the chain.

[eaLiTy]

Online investment advisor and traditional Bitcoin skeptic Motley Fool is adding Bitcoin to its high risk portfolio and even buying $5m for its own balance sheet because:

(1) Better than gold
(2) Will become more of a medium of exchange when volatility decreases
(3) Inflation hedge

(1) Depends on the preference, gold is always considered as a safe investment and with the price of BTCitcoin above $50k, i would easily choose gold over BTCitcoin and the reason is high volatility.

(2) It is a currency and a medium of exchange, the only issue is the lack of a perfect scaling solution but if you are waiting for the volatility to decrease, it will never happen as it is a global market.

[Jating]

Absolutely. At first I thought about price manipulation, but I don't think their image could withstand that.

it wouldn't be the first time someone manipulated a market for personal gains and it won't be the first for bitcoin either. we even had big banks such as JPMorgan manipulate the price to buy bitcoin cheap after the drop after their FUD.

And JP Morgan is still at it, JPMorgan thinks the bitcoin rally is unsustainable and doesn’t make much sense

And as per their twitter:



https://twitter.com/themotleyfool

$5m is still $5m and it can make a lot of difference in the price whatever angle we look at it. And I think they are betting most on the #3 reason.

[Coinsfera]

Accepting that Bitcoin is volatile, the firm stated that as part of a diversified portfolio, it has 10 times more potential than today's levels in the long run.

[pakhitheboss]

Absolutely. At first I thought about price manipulation, but I don't think their image could withstand that.

it wouldn't be the first time someone manipulated a market for personal gains and it won't be the first for bitcoin either. we even had big banks such as JPMorgan manipulate the price to buy bitcoin cheap after the drop after their FUD.

And JP Morgan is still at it, JPMorgan thinks the bitcoin rally is unsustainable and doesn’t make much sense

And as per their twitter:



https://twitter.com/themotleyfool

$5m is still $5m and it can make a lot of difference in the price whatever angle we look at it. And I think they are betting most on the #3 reason.

This getting bigger and bigger, suddenly those against Bitcoin are now focussing only on Bitcoin. If the Bitcoin rally continues like this then we can expect many new anti Bitcoin institutions following the same path.

[GreatArkansas]

Yeah well, it's good news because just a couple of months you could read things like this on their website:

Here's Why I Won't Buy Bitcoin, and You Shouldn't, Either.

I think it's all part of the plan . Institutions want to buy cheaper Bitcoin, especially on retail investors, that's why their best moves are these kinds of FUD. But yet, Bitcoiners already learn their lessons over the past few years and developed diamond hands to hodl Bitcoin.
It's just like what Elon Musk did, making fun of Doge Coin and pure hype, after few days, Tesla bought $1.5b worth of Bitcoin.

[leea-1334]

Never knew about Motley Fool until now. So they are supposedly very conservative in the United Kingdom I see,,, good sign they are finally buying Bitcoin then? Maybe this is the start of the new wave of former critics turns Bitcoin lovers;) What a time to be holding Bitcoin right guys?

[Similificator]

Well, just as what I have told my peers, sooner or later these bitcoin bashers will be eating their own crap one day. And so it came to fruition. The guy clearly humiliated himself. Kudos to him though for being a man about it instead of being bitter and bash even more. Others should follow through and benefit on bitcoins instead of being bitter just talk crap about something that they barely can comprehend, let alone predict.

[tinopener]

Never knew about Motley Fool until now. So they are supposedly very conservative in the United Kingdom I see,,, good sign they are finally buying Bitcoin then? Maybe this is the start of the new wave of former critics turns Bitcoin lovers;) What a time to be holding Bitcoin right guys?

It's more about the audience they influence.

The people who read Motley Fool are the people most likely to add the Bitcoin products created by the institutions such as funds and ETFs to their existing (probably relatively large) portfolios.

They've basically given the green light for a large chunk of retail investor money to flood into Bitcoin.

It's actually fortuitous this happened the same day the Canadian Bitcoin ETF started trading too, and they've already seen significant buy-in.

[dothebeats]

It feels as if these people are slowly converting themselves into bitcoin after the cryptocurrency they so loved trashing made rounds on the headlines all over the world. They knew that some money can be made on bitcoin, but they just don't want to admit it sooner, hence why they are now doing it when the whole world's attention is on bitcoin. Plus, by buying some bitcoin before making their move public, it places them on a good leverage which puts them on a position for even further gains. Just months ago they are so against buying bitcoin, but look where they ended up sticking their noses to.

[EddyRobins]

I feel this is very interesting. I've known the Motley Fool website for donkeys years now although i only occasionally visit it.
In general it is moderately conservative so , any advice or recommendations always comes with massive caveats.
The fact that they are openly publishing about buying bitcoin is major. Not about the quantity but the way it helps to legitimise bitcoin in the eyes of many conservative investors.