Investors bullish on Bitcoin, potential for long-term value, consider adding to portfolio

From Nasdaq Corporation

August 29, 2024 06:00 AM:

Bitcoin investors are bullish on the cryptocurrency, with predictions of a $100,000 price by year-end and even a $10 million price in the future. Experts like Robert Kiyosaki and Michael Saylor believe that due to the growing U.S. debt problem and finite supply of Bitcoin, it could become a new store of value in the face of hyperinflation.

Kiyosaki and Saylor argue that Bitcoin’s limited supply and decentralized nature make it “perfect money” compared to the imperfections of the U.S. dollar. While a $10 million price tag for Bitcoin seems unrealistic, many agree on its long-term value potential. Consider adding Bitcoin to your portfolio for the long haul, as some predict it could double in value by 2025.

Before investing in Bitcoin, consider other high-return stocks identified by The Motley Fool’s Stock Advisor team, as Bitcoin was not one of their top picks. The Stock Advisor service has a track record of outperforming the S&P 500 and provides a blueprint for successful investing. Keep in mind the potential risks and rewards of investing in Bitcoin versus other stocks for long-term growth.

Read more at Nasdaq: 1 Top Cryptocurrency to Buy Before It Soars 16,000%, According to Robert Kiyosaki