In a Nov. 13 blog post, Bhutoria said that while the conversation is not new, the rapidly growing interest in the main cryptocurrency by mainstream investors and retail-focused payment processors alike, it’s time for an update.
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Bitcoin an ‘aspirational store of value,’ says Fidelity Digital Assets
A new report says the coronavirus pandemic could make BTC more appealing in the short-term—and long-term, millennials are much more likely to pick crypto over gold
Fidelity Digital Assets' director of research, Ria Bhutoria, said many investors believe that the world’s biggest cryptocurrency has the properties of a store of value—but this is yet to be widely accepted.
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Galaxy Digital, Bakkt woo big investors
The partnership will provide a one-stop solution for institutional investors and asset managers looking for a safe way to buy, trade, and store bitcoin
The two New York-based firms will collaborate to offer clients looking to invest in physical bitcoin “the same caliber of market knowledge and trade execution expertise in BTC as they would expect from any established traditional finance desk,” said Tim Plakas, head of sales at Galaxy Digital Trading,
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Fidelity Digital Assets' president, Tom Jessup, says big investors increasingly see a new asset class emerging (Photo: Fidelity).Digital assets appeal to 80% of institutional investors, poll reveals
Hedge funds, financial advisors, and high net worth investors said they appreciate that digital assets are uncorrelated to other asset classes and have high potential upside
Some four-fifths of institutional investors polled recently by Fidelity Digital Assets said they found the asset class appealing, and more than 60% of them have made a direct purchase. But roadblocks remain.
