Why Is Bitcoin So Volatile, Anyway? Fidelity Digital Assets Explains
Let Fidelity take the wheel and drive you through the wonderful world of volatility. Bitcoin critics wield one of the asset’s main characteristics as an unsolvable failure, but, is it? According to Fidelity, “bitcoin is fundamentally volatile.” That doesn’t deter it from fulfilling “its ultimate investment objective of preserving wealth over long time periods.” Related Reading | Fidelity Says What We’ve Been Thinking: Countries & Central Banks Will Buy BTC The company said all of that in Fidelity ‘s latest edition of “The Research Round-Up.” In their much longer analysis, they....
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Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attain this status. “We use the word ‘potential store of value’ as bitcoin is still extremely volatile, and by any standard perhaps would not achieve the mantle of a true store of value,” Jessop told Reuters’ Global Investment Outlook Summit 2020 on Thursday. “But aspirationally it is, and that’s one of the reasons why so many investors....
SPOILER ALERT: Asset Manager Fidelity thinks “bitcoin should be considered first and separate from all other digital assets that have come after it.” This is huge, considering the Fidelity Digital Assets division’s website opens with “We envision a future where all types of assets are issued natively on blockchains or represented in tokenized format.” That […]
Many investors aspire to hold bitcoin as a store of value, but right now the cryptocurrency is very volatile, said the head of Fidelity Digital Assets.
Fidelity Digital Assets, the digital arm of Fidelity Investments, is set to double its staff this year to reinforce and meet the mounting demand of clients who continuously invest and trade in crypto assets 24/7. Currently having 200 employees, Fidelity Digital, with over $4.5 trillion worth of assets, is looking to hire people for the […]
Fidelity Digital Assets (FDA) says diversifying an investment portfolio with bitcoin is especially essential now when benchmark interest rates globally are near or below zero. The opportunity cost of not allocating to bitcoin is simply higher explains FDA in its latest bitcoin investment thesis. FDA’s assertions come as one survey found that as many as 60% of investors surveyed believe that digital assets have a place in a portfolio. As a consequence, Fidelity Digital Assets says that in these uncertain times, a diversified portfolio must consist of assets that lack a correlation....