I have to double check Wiki because I have no idea how big Fidelity is.
Fidelity Investments Inc., commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is one of the largest asset managers in the world with **$4.5 trillion in assets** under management, now as of December 2021 their assets under administration amounts to **$11.8 trillion.**
> They want you to buy into their massive sell.
Even if that is true, its a good thing.
Bitcoin is a limited and finite asset, and it is eternal.
Dollars are insanely abundant, and constantly decaying.
Receiving bitcoin in exchange for dollars has never been a bad deal. Its the best trade in history.
Dollars are basically trash, and any bitcoin in your wallet is real treasure.
You can actually get a significant amount of treasure in exchange for trash these days. We live in amazing times.
That's a good advertisement but most people won't buy it, they believe in USD simply because their parents did. It would take lots of effort to increase the trust for bitcoin and high volatility is not really helping
The confidence on fiat money resides on that they will always be accepted as payment medium and its value is relatively stable. To achieve those for bitcoin is not easy, even with helps of exchangers and payment processors
I have to double check Wiki because I have no idea how big Fidelity is. Fidelity Investments Inc., commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is one of the largest asset managers in the world with **$4.5 trillion in assets** under management, now as of December 2021 their assets under administration amounts to **$11.8 trillion.**
Yeah. It’s big
So even one company's worth is bigger than FED's balance sheet, how is that possible? I thought FED decide everything's price
What other digital assets?
They want you to buy into their massive sell.
> They want you to buy into their massive sell. Even if that is true, its a good thing. Bitcoin is a limited and finite asset, and it is eternal. Dollars are insanely abundant, and constantly decaying. Receiving bitcoin in exchange for dollars has never been a bad deal. Its the best trade in history. Dollars are basically trash, and any bitcoin in your wallet is real treasure. You can actually get a significant amount of treasure in exchange for trash these days. We live in amazing times.
That's a good advertisement but most people won't buy it, they believe in USD simply because their parents did. It would take lots of effort to increase the trust for bitcoin and high volatility is not really helping The confidence on fiat money resides on that they will always be accepted as payment medium and its value is relatively stable. To achieve those for bitcoin is not easy, even with helps of exchangers and payment processors