Fidelity Executive Believes Bitcoin’s Price ‘Bottom Is in’ After Last Month’s...
On Monday, Jurrien Timmer, director of global macro at Fidelity, told his 56,000 Twitter followers his perspective on current bitcoin prices. “In my view, it looks like the bottom is in,” the Fidelity executive explained, sharing a BTC/USD chart. Fidelity’s Jurrien Timmer Attempts to Call Bitcoin’s Bottom In mid-April, bitcoin (BTC) prices touched an all-time high at $64,895 per coin and then plummeted to $30,066 per unit on May 19. The price of BTC has not fallen below the $30K threshold but a number of investors have speculated that it could. There’s been a....
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Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. “Ethereum could be close to a bottom,” he added. Fidelity’s Director on Bitcoin and Ether Price Outlook Jurrien Timmer, director of Global Macro in Fidelity Investments’ global asset allocation division, shared his bitcoin and ether price analysis in a series of tweets Friday. Timmer specializes in global macro strategy and active asset allocation. He joined Fidelity 27 years ago as a technical....
Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained. Fidelity Expanding Crypto Services Fidelity Investments’ digital assets subsidiary, Fidelity Digital Assets, is expanding its services. Founded in 2018, Fidelity Digital Assets currently employs about 200 people. The company is looking to fill 110 new positions to focus on assets beyond....
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....
Fidelity said it wants to improve bitcoin custody and executive services and build products to "support the ecosystem."
Rock bottom interest rates and fiscal stimulus has driven momentum in the crypto sector the Fidelity executive said. Executives at investment giant Fidelity are confident that cryptocurrency market momentum will continue for the foreseeable future.Speaking to MarketWatch on April 8, Tom Jessop who heads the investment firm’s crypto division said that he believes crypto has opened a new chapter in traditional finance circles and things have reached a tipping point for the industry.Jessop stated that the maturation and adoption of crypto assets as an investment class will continue at a rapid....