Is Bitcoin Right for Your Pension Plan?
Interest in Bitcoin is growing, and firms are working to make it more accessible, as studies show small allocations into the cryptocurrency can yield favorable results.
Reported by
Digital assets are gaining in favorability and appeal among institutional investors, a Fidelity Investments survey finds.
In a comprehensive survey of almost 800 institutional investors across the United States and Europe, 36% of respondents say they are currently invested in digital assets, and six out of 10 believe digital assets have a place in their investment portfolio. Bitcoin continues to be the digital asset of choice with more than one-quarter of respondents holding Bitcoin; 11% have exposure to Ethereum.
Voyager Digital: A One-Stop Crypto Solution (OTCMKTS:VYGVF) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Dec 17, 2020 12:52 GMTCrypto News
More and more institutional investors are buying Bitcoin.
Joint ventures between financial giants and cryptocurrency startups on vogue.
Super-bullish BTC price forecasts from famed analysts are getting more frequent, rising targets.
Bitcoin hit a new all-time high at $23,776 (on Coinbase) before retreating to $22,500. The pioneer digital currency gained over 16% on a day-to-day basis, while its market share surpassed 65%.
Bitcoin’s market value at $42 billion now exceeds the capitalization of JP Morgan, one of the four largest financial institutions in the US. In comparison, a capitalization of all digital coins in circulation came close to $650 billion.
What are the catalysts behind BTC growth
Northern Trust, Fidelity join small club managing crypto assets americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Fidelity Investments CEO Touts Progress of Crypto-Focused Subsidiary
Last Updated: 15 December 2020
Fidelity Investments is one of the largest financial service providers in the United States. The company was also one of the first to make a significant play in the crypto market, launching Fidelity Digital Assets in March 2019.
Abigail Johnson, the company’s chief executive, touted the crypto-focused subsidiary’s success in a recent interview.
Custody Has Become More Important to Investors
Speaking with Barron’s last week, Johnson explained that Fidelity’s Bitcoin custody business has been “incredibly successful.”
While the CEO didn’t provide any specific benchmarks, she explained that Fidelity Digital Assets had done a great deal of work to connect the digital and traditional financial spaces. So far, efforts have been moving along.