Fidelity to Offer Bitcoin

In my earlier post, I mentioned Fidelity Investments readying themselves for digital asset services with Fidelity Digital Asset.

This is finally happening. Really... Actually... Happening.

Fidelity Investments, which began a custody service to store Bitcoin earlier this year, will buy and sell the world’s most popular digital asset for institutional customers within a few weeks...

Currently, our service offering is focused on Bitcoin

Just imagine the huge fees Fidelity Investments will generate for offering Bitcoin alone. My guess is it wouldn't be long before other cryptocurrencies would be available too.

It is inevitable. It does not take a nuclear physicist to understand the untapped potential of blockchains and digital assets. Having said this, when the demand becomes too large to ignore (read new source of huge profits), organisations - all profit-driven - will naturally gravitate towards blockchains, digital assets, and cryptocurrencies.

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It's really all about the money money money, as opposed to Jesse J in Price Tag.

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