Fidelity entering the crypto world

[Ciscopro2000]

Great news!  Looks like fidelity which administers over 7 trillion in assets is entering the crypto world with their Fidelity Digital Asset Services.  "Our goal is to make digitally-native assets, such as bitcoin, more accessible to investors," Fidelity Investments CEO Abigail Johnson said in a statement.  This is a huge milestone for the crypto future.  You can read the news here:

https://www.engadget.com/2018/10/15/fidelity-manage-cryptocurrency-trading-custody-investors/?yptr=yahoo

[1713982162]

1713982162

[1713982162]

1713982162

[1713982162]

1713982162

[Renal]

if it is for crypto's sake and for the advancement, it is good to do it now, especially now that bitcoin prices tend to fall because investors do not want to invest their money in bitcoin, this is the best way by Fidelity Investments CEO Abigail Johnson to attract investors so that they are more easy to use it.

[rindayle]

I wouldn't take it as seriously as loyalty. Just when a person invests in such a market, which predict a good future, he must wait for satisfaction and a good profit. Just have entuziasty and investors, and there are put and get, everyone has a purpose.

[131tc01n]

pretty good news among the many bad news about bitcoin, maybe this is one of the same goals of many goals. Even though their goals are very good, will it increase investors to continue investing? in fact investors will not move before the big whale moves

[rebrik7]

Did somebody see or read some official announcement from Fidelity about this? I can't find this information on their website, so at this moment I'm not fully believe information from only one non official source.

However, if this is true, it would be great, almost like Bakkt launch.

[aray80]

This is good news for the development of bitcoin that will motivate many investors, because this Digital Fidelity Asset Service will provide an opportunity for indigenous investors to reach crypto's future more easily with Fidelity services

[maxilopez]

if this is true then this is crazy news that will simply bring incredible insights into the cryptocurrency market. I hope this is so because this way we will be able to go to the moon again.

[Davidwhite01]

This is good news for the development of bitcoin that will motivate many investors.

[daarul50]

Although bitcoin accepts various kinds of rejection from various parties bitcoin and its technology are continuously adopted by various large companies because bitcoin has good prospects for the world economy so that I think in the future there will be more big companies that will use crypto.

[shamc]

This is the reason why it is good that bitcoin hasn't pumped yet, large institutional investors will not want to jumps in at the top. Keep it low until more jumps in to join the bandwagon

[tiggytomb]

It will be interesting to see how this impacts the price and other institutions, it should give more credibility to bitcoin and give it that stamp of approval that many aren waiting for before they involve themselves.

[antisocial77]

i think almost all big bosses are already into crypto but they use their name to pump the market.or opposite.
if we see a potential, they see it before us.i hope to hear more news like that.

[qiwoman2]

This is what we need more of because the big money that comes in and the whole marketcap grows, that's when more confidence will come into the markets and more and more retail investors will come in as well and will generate more momentum. I believe the next bull will be better than the last one because there will be more stuff in place and more mass adoption which will bring more people to like and use crypto and also invest in it for the longer term. I am also looking forward to BAKKT as well, so these kinds of institutions are what we need right now. Let's hope the SEC also approves some ETFs as well.

[Ava Duvall]

It will be interesting to see how this impacts the price and other institutions, it should give more credibility to bitcoin and give it that stamp of approval that many aren waiting for before they involve themselves.

I heard tht many are holding back, and really putting their trust in bitcoin like you said "giving stamp of approval". Im looking forward to finding out more

[kenel]

manipulation of people based on the fact that so simple a person can be surprised. I believe that before this news to speak of since it only plans

[rebrik7]

This is what we need more of because the big money that comes in and the whole marketcap grows, that's when more confidence will come into the markets and more and more retail investors will come in as well and will generate more momentum. I believe the next bull will be better than the last one because there will be more stuff in place and more mass adoption which will bring more people to like and use crypto and also invest in it for the longer term. I am also looking forward to BAKKT as well, so these kinds of institutions are what we need right now. Let's hope the SEC also approves some ETFs as well.

Oh, yes. Bakkt+ETF+Fidelity launch can be a truly rocket fuel for the price of bitcoin. And another crypto currencies from the top. I'm sure that it will be good growth of crypto market in the future. And Fidelity will not be only one.

[MarkClark]

You'll see more and more of this as each large financial company wants to have their name tied to the crypto industry. Expect more of this and then governments to start allowing more traditional things like ETFs.

I completely agree with you about that

[Juggy777]

This is what we need more of because the big money that comes in and the whole marketcap grows, that's when more confidence will come into the markets and more and more retail investors will come in as well and will generate more momentum. I believe the next bull will be better than the last one because there will be more stuff in place and more mass adoption which will bring more people to like and use crypto and also invest in it for the longer term. I am also looking forward to BAKKT as well, so these kinds of institutions are what we need right now. Let's hope the SEC also approves some ETFs as well.

Oh, yes. Bakkt+ETF+Fidelity launch can be a truly rocket fuel for the price of bitcoin. And another crypto currencies from the top. I'm sure that it will be good growth of crypto market in the future. And Fidelity will not be only one.

Fidelity is a huge market player and if it can successfully get it clients on board for bitcoins investment we can definitely see high volumes and some upward price swings. Bakkt platform is another interesting thing happening who knows it can act as a catalyst like bitcoins futures did last year. If the Sec were to approve bitcoins etf then surely the prices would shoot up, only a few days more to find about it.

[Reid]

Who's next?
Morgan Stanley? Vanguard?

This companies are enjoying the world of crypto and then suddenly we will all be shocked that they also created their own coin and is much valuable than bitcoin.

Why not just use bitcoin? Is it really that stained for them to avoid it?
Now bitcoin became just an example to them?

[chickenado]

This is expected, as much money can be made from Crypto trading, is just what client want and more younger generations are enthusiastic about crypto but the enemies of decentralization keep blinding the eyes of the government for approval of the necessary orking frame works required for bigger players to come invest.

This a good and a big splash to the crypto market, because of these the system and integrity should be intensified and might be developed to minimized the incident of hacking.