Fidelity: Bitcoin is a 'superior form of money'
Fidelity argued Bitcoin should be considered separately from the rest of the digital asset market as no other altcoin comes close to its properties Fidelity, the multinational brokerage giant, released a paper on Bitcoin (BTC) titled Bitcoin First. The financial services provider calls for BTC to be treated separately from the rest of the digital assets.The paper argued that BTC is fundamentally different from the hundreds of other digital assets trading in the market and no other digital asset is likely to overtake the top cryptocurrency “as a monetary good.”Fidelity’s paper called....
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Fidelity Digital Assets has released a report explaining why bitcoin is a superior form of money. The report discusses the future of the digital asset ecosystem and compares bitcoin to newer and smaller cryptocurrencies.
Fidelity Says ‘Bitcoin First’
Fidelity Digital Assets, a subsidiary of Fidelity Investments, published a report this week titled “Bitcoin First: Why investors need to consider bitcoin separately from other digital assets.”
The report addresses some concerns investors have including whether bitcoin “may be vulnerable....
If approved, retirement savers can allocate 20% of their savings portfolio to Bitcoin without the need to open a crypto exchange account. The United States-based retirement plan provider Fidelity Investments will reportedly allow 401(k) retirement saving account holders to directly invest in Bitcoin (BTC).The new Bitcoin retirement investment plan would go live later this year. It will allow over 23,000 companies associated with Fidelity to administrate their retirement accounts to offer Bitcoin investment options to the customers, reported WSJ.If the proposal to allocate BTC to their....
According to an email reportedly sent to clients, Fidelity Digital Assets is offering institutional Ethereum capabilities for their clients starting next week. Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, is set to offer Ether (ETH) custody and trading services to its institutional clients later this month. According to an email to Fidelity’s customers shared on Twitter, the crypto arm announced new “Institutional Ethereum capabilities” for institutional investors starting on Oct. 28, 2022. Fidelity Digital Assets just sent an email to....
Asset management firm Fidelity has made further amendments to its application for an Ethereum (ETH) spot exchange-traded fund (ETF). This move comes as the investment giant and other applicants await the green light from the Securities and Exchange Commission (SEC) to commence ETH ETF trading in the United States. Fidelity Updates S-1 Form – What’s […]
Fidelity Charitable is now accepting bitcoin thanks to a partnership with Coinbase. Adding Bitcoin as a method of donation allows donors to bypass high international bank fees on money transfers. Fidelity Charitable is the second largest charity in the U.S. and worked with Fidelity Labs, a unit of Fidelity Investments, on the integration. Coinbase announced on their blog that Fidelity Charitable has partnered with them to give donors the option of using bitcoin for their offers. Matt Nash, Senior Vice President of Donor Engagement for Fidelity Charitable, stated: “Enabling donors to....