Fidelity To Fuel Bitcoin In March ?
Fidelity has always been bullish with cryptocurrency. In fact they said even without SEC approval they where still going to press forward. That's some serious talk from such a large company and also why I highly support such a company. A company that is willing to break ground and try new things is what makes business thrive.
Fidelity is set to Formally launch its crypto custody service in March what does that mean exactly ?
At first it will be limited and only available to some people, that stipulation I still don't know but it will continue to grow from that point forward as they reach out to more institutions.
Large investments/investors require a certain level of security in order to take part in bitcoin and fidelity is the first company I know of actually pushing forward with this without SEC. (which if you know me and a majority of other people that SEC is complete trash anymore and acts as a way for the government to horde even more money.)
Look forward for some more news on this leading up to March it could be the start of big things finally for Bitcoin which we waited on the SEC all last year for.
We will have to see if that pushes the market up but for sure it will help on big investor adoption.
I hope it leads to products being offered tied to cryptos and bitcoin. It would be interesting to see if institutional investors finally come in or not.
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Hope this all goes through. Once it happens and people can start to invest through their retirement accounts I think it will push the price higher. Just my opinion. Thanks for the post!
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