Fidelity’s crypto ambitions are bigger than expected: report
Fidelity says that 90% of its biggest clients are interested in accessing Bitcoin and other cryptocurrencies. The firm is now planning to open up the digital asset space to retail investors. Fidelity’s plan to corner the cryptocurrency market appears to be more ambitious than previously imagined, as the asset manager looks to provide more institutional pathways to digital assets. In a recent interview with the Boston Globe, Chrstine Sandler, the head of sales and marketing for Fidelity Digital Assets, said institutional interest in crypto is growing. For most investors, the primary entry....
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Fidelity Digital Assets has used a new research report to make a sharper institutional case for bitcoin: not that every allocator must own it, but that a zero position now needs to be actively defended. In a study published March 25, Chris Kuiper argues bitcoin’s role in portfolios can no longer be dismissed as a […]
According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s participants believe the bear market will end in 2022. While bitcoin is expected to surpass $100K per coin by 2025, Finder’s experts think bitcoin will bottom out at $13,676 per unit, but also end 2022 at $25,473 per unit. Finder’s 53 Fintech Specialists Attempt to Guess....