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Bitcoin Over $52k!! | Coinbase Stock Climbing | To Sell or Not To Sell: That Is The Question!

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Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin (BTC) with the expectation that it will rise to $500,000.

Announced earlier today via a blog and Twitter post, the firm stated it won’t be β€œbuying overpriced ETFs” but will be β€œbuying Bitcoin directly.” Currently ranked fifth globally in the investing category, according toΒ SimilarWeb, and with 87 million website visits per month, The Motley Fool outlined three core reasons behind the purchase: Bitcoin is a better store of value than gold, it’s an effective hedge against inflation and it has the potential to become a transactional asset.

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Bitcoin ETF approval more likely under new SEC leadership, says Ark Invest CEO

Ark Investment Management founder and CEO Cathie Wood said the likelihood that U.S. regulators will approve a Bitcoin exchange-traded fund has gone up under the Biden administration.

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Specifically, the Ark Invest CEO said she was encouraged by Joe Biden’s pick for SEC chair,Β Gary Gensler. Gensler is known as someone who understands the underlying technology of digital assets and BTC itself. In addition, Wood saw FinHub leader Valerie Szczepanik, known as the “Crypto Czar,”Β Β reporting directly to the next chair as a bullish sign.

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