Business

Bitcoin immediately available to the public? The loyalty deficit


Quasi-certainty in the conditional? Rumors are circulating about a new project from investment giant Fidelity, which would go in the direction of a mass adoption of Bitcoin (BTC) by retail investors.

Fidelity pushes Bitcoin to its millions of private customers

MicroStrategy CEO Michael Saylor announced his tweet on September 12: “Bitcoin has reached 34 million accounts at Fidelity.” The information was mainly made public by an article of the Wall Street Journal, published the same day.

Message from Michael Saylor – Source: Twitter

Fidelity is currently evaluating the possibility of offering bitcoins to retail investors, who manage funds manages over 34.4 million personal accounts. However, the company would not yet communicate this information to the first concerns, which are their customers.

Pending its formalization, this news should be carefully considered as a rumor. Galaxy Digital CEO Mike Novogratz, speaking at the SALT forum in New York, spoke elsewhere the chirping of a “little bird” who would have signaled in his “ear”, that “Fidelity will be enchanting its retail customers to crypto soon enough”.

>> Your first bitcoins in a few minutes? Registration on Binance (commercial link) <

A long love affair with Bitcoin: between facts and words

Will the bird be right, as Mike Novogratz hopes, or is it currently singing the bad news about the massive adoption of cryptocurrencies by institutions and individual investors?

In the facts, Fidelity’s growing interest after a good bit in bitcoinenhance the credibility of rumours.

Since 2019, the company has announced the launch of security services for cryptocurrencies, during the first quarter. The same year, it obtained the green light from the New York authorities that allows its platform for the sale, purchase, and custody of cryptocurrencies to operate legally in the State. It also announced at the time, its expansion plans for its crypto services in Europe.

In 2020, the company continued to bet on cryptocurrencies, notably by investing in a Canadian cryptocurrency mining company. The following year, Fidelity was among the list of investors who supported the IPO of Cipher Mining, the mining arm of Bitfury.

Bitcoin immediately available to the public?  The loyalty deficit
Fidelity: an undeniable love for Bitcoin and cryptocurrencies

More than 2021 will be the legal date for Fidelity’s attempt to obtain US SEC regulatory approval for a Bitcoin ETF. It was also a cell of Fidelity Group’s bitcoin profession, currently issuing spent explosives that pegged the cryptocurrency’s price at $1 million by the end of the decade.

And while 2021 marked the end of the bull run, Fidelity continued on its course to boost cryptocurrency adoption, originally partnering with Nexo to conquer institutions.

For retail investors, Fidelity announced earlier this year that the company would offer Bitcoin with retirement savings support to its customers.

Fidelity could therefore offer Bitcoin to its millions of private customers, a rumor which, if materialized in the short term, could help the bulls end the crypto winter. Even during bear markets, the company continued to support the industry. Recently, she thus sponsored a young crypto exchange.

Are you supporting the Bitcoin revolution? It’s up to you to get on the crypto train! To do this, and begin to realize yourself with this passionate world, do not wait for you create an account on Binancethe benchmark Bitcoin and crypto exchange (commercial link).






Source link

Advertisement

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button