Fidelity May Offer Its Retail Investors a Chance to Buy Bitcoin With the Whispers Growing Louder

Fidelity May Offer Its Retail Investors a Chance to Buy Bitcoin With the Whispers Growing Louder
фото показано с : zycrypto.com

2022-9-14 00:28

The institutional adoption of bitcoin continues as investment giant Fidelity looks toward digital assets.Mike Novogratz, CEO of investment firm Galaxy, broke the news at the Salts New York Conference thanks to “a bird in his ear.”Fidelity’s 34.4 million brokerage accounts may serve as the catalyst to save Bitcoin’s year.

As Bitcoin continues to underperform poorly this year, institutions are thinking outside the box to improve their offerings for retail clients.

After the rise of institutional investors in Bitcoin (BTC) in the first quarter of 2021, it was all good for the market as the market leader got to new highs. Although BTC is currently a shadow of its former self, institutional investors like Fidelity are looking to create a new investment path for their retail investors.

The move has many possibilities for retail investors who want to invest in Bitcoin to make a profit. Fidelity’s decision will bring 34.4 million retail accounts in direct investment opportunities with bitcoin.

Mike Novogratz, CEO of crypto investment firm Galaxy Digital added more to the story going around as he revealed at the New York’s Salt forum.

“A bird told me, a little bird in my ear, told me Fidelity is going to shift its retail customers into crypto soon enough, I hope that bird is right.”

This move follows BlackRock’s partnership with Coinbase also to offer crypto as an asset class to its investors.

Fidelity has long been on the side of crypto as the company backed crypto over gold, with its director Jurrien Timmer insisting that Bitcoin is gaining credibility. 

“Bitcoin is gaining credibility, and as a digital analog of gold but with greater convexity, my guess is that bitcoin will, over time, take more market share from gold.”

News also broke out in April that the company plans to allow workers to save 20% of their pension in Bitcoin. 

Can another mass institutional adoption save Bitcoin? 

Bitcoin can have a turn of events before the end of the year, as hoped by investors. For the price of bitcoin to even go as high as $40,000, it needs the help of institutional investors or whales. Currently trading at $20,711, investors would want to diversify their portfolio with bitcoin if offered as an asset class.

Bitcoin woes compounded earlier today as it has fallen 7.59% in the last 24 hours amid the Ethereum Merge being a day away with good news for Ether. The phrase “buy the dip” could be critical to investors at this time.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66170.27 (+0.51%)
Объем 24H $30.94b
Изменеия 24h: -0.03 %, 7d: 4.73 %
Cегодня L: $65194.83 - H: $66361.36
Капитализация $1303.556b Rank 1
Цена в час новости $ 20199.64 (227.58%)

bitcoin retail year institutions thinking outside box

Источник: zycrypto.com

bitcoin retail → Результатов: 126


Фото:

Bitcoin Retail Buying Spikes, Adoption Accelerating?

On-chain data shows that Bitcoin retail investors have been aggressively buying the asset recently, a sign that adoption may accelerate. Bitcoin Shrimps Have Been Aggressively Accumulating Recently According to data from the on-chain analytics firm Glassnode, only 116 days in the entire history of the cryptocurrency have seen stronger accumulation from retail traders. The relevant […]

2023-4-5 21:25


Фото:

Sharp Decline in Retail Investments As Bitcoin Braces For Tough Times

Bitcoin has been experiencing a sharp decline in retail investments for 426 days since last year’s great miner migration out of China. According to a recent network analytics report by Glassnode, the decline equates to the retail investor purge experienced for 474 days during the infamous 2018 bear market. This comes even as the Bitcoin […]

2022-9-30 23:28


Фото:

$15 Billion Store Elektra Becomes First Retail Chain To Accept Bitcoin In Mexico

One of the largest retail stores in Mexico, Elektra has announced that it will now start accepting Bitcoin for purchases.  This is according to an announcement by the company’s founder and chairman Ricardo Salinas Pliego moments after the store changed the hero image on its website displaying the Bitcoin logo. “The rumors are true, ElektraMx […]

2021-12-18 17:00


Data: Retail Interest in Bitcoin Peaked Just Before 13% August Flash Crash

Bitcoin’s price has rebounded following a brief selloff seen earlier today that caused it to dip as low as $11,200 The cryptocurrency’s recent strength has come about due to the confluence of multiple factors that have all been helping to drive it higher It remains roughly $1,000 below its 2020 highs that were set in August, however, and there’s still a plethora of underwater investors Data reveals that retail interest in buying Bitcoin seemed to […]

2020-10-13 02:00


Bitcoin Retail Shopping App By Bitplaza Inc

As we are entering a period of accumulation and mass adoption, the use cases of crypto still remain unclear for everyday individuals that debate the value and impact it will have in society. While businesses and institutional investors are starting to implement blockchain into their business practices, crypto enthusiasts are still trying to find ways […] The post Bitcoin Retail Shopping App By Bitplaza Inc appeared first on NullTX.

2020-2-9 21:55


Фото:

American Retailer Target to Launch Open Source Blockchain for Supply Chains

In May 2018, Target Corporation, the eighth largest retailer in the United States, began working on an open source blockchain project for supply chain tracking called ConsenSource. According to a post released by Joel Crabb, the retail giant will also support the Hyperledger Grid, a project initiated in large part by Cargill, one of theRead MoreRead More.

2019-6-12 13:00


Фото:

Report: Retail Banks Still Wary of Blockchain Technology

While distributed ledger technology (DLT) is fast gaining traction in several sectors of the global economy including investment banking, remittance, payments, and others, a new report by McKinsey & Co has revealed that the retail banking ecosystem have been slower to integrate the technology due to regulatory challenges and other bottlenecks, reports Bloomberg on JuneRead MoreRead More.

2019-6-9 09:00


Bitcoin’s biggest advantage is its network effect, says Monero’s Riccardo Spagni

Bitcoin [BTC], the largest cryptocurrency by market cap, marked the first decade of decentralization this January 2019 by celebrating the 10th anniversary of its genesis block generation. Over the years, Bitcoin grabbed the attention of retail investors, institutional investors, regulating bodies and even powerful government bodies across the globe.

2019-6-4 07:37


Фото:

Walmart Joins Blockchain Consortium MediLedger to Track Pharmaceuticals

In a bid to bring more transparency to the supply chain of pharmaceutical goods, retail giant Walmart has joined blockchain consortium MediLedger, Coindesk reports, June 3, 2019. Tracking Pharmaceutical Goods with Blockchain Although blockchain technology is making encouraging inroads across myriads of industries, its utility in the supply chain management space is especially fascinating.

2019-6-3 19:00


Could Billionaires Buy 25% Of Bitcoin’s (BTC) Total Supply? Dadiani Syndicate Might Have a Say

Dadiani Syndicate helps large clients buy or sell Bitcoin There is an interested party that wants to purchase 25% of all the current Bitcoin supply In general, when retail investors want to purchase Bitcoin (BTC), the first thing that comes into their mind is to open an account on a cryptocurrency exchange, deposit some funds […]

2019-5-31 18:09


Bitcoin Bulls and Mainstream Media Not on the Same Page as Headlines and Price Shows Divergence

Bitcoin is more famous now in 2019 than it ever was before. The recent price spike caused the newest wave of people investing in the asset today. Traditional financial investors, giants from social media and even retail companies such as Starbucks are all talking about cryptos, this is a fact. However, most of the mainstream […]

2019-5-30 01:17


A $130 Million Shorts Liquidation May Have Supercharged Bitcoin Price to $9,000

By CCN: On May 27, the bitcoin price surged from $8,000 to $8,939 on major exchanges such as Bitstamp and Coinbase, achieving a new high for 2019. Key catalysts behind the abrupt increase in the bitcoin price within a short time frame remain unclear; some have suggested the overall improvement in sentiment around the crypto market and an increase in demand from retail investors.

2019-5-27 17:27


Coinbase in News-A Quick Sneak Peek into U.S. Leading High-Frequency Cryptocurrency Exchange

With over 20 million users and market valuation of $8 billion, CoinBase is one of the most prominent cryptocurrency exchanges in U.S. Having grown leaps and bounds as a bitcoin wallet and retail exchange, Coinbase is also revered for its offerings including cryptocurrency custody, wallet services, and both retail and institutional trading platforms. Goes without […]

2019-5-26 21:21


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin price: Here’s why QCP Capital expects BTC run to $74k

Bitcoin surges past $66k after US CPI data triggers buyside pressure Here’s why QCP Capital analysts say BTC could run to $74k Bitcoin price surged past the $66,000 mark on Thursday to hit highs last seen in April amid a fresh dose of bullish sentiment.

Peter Thiel’s VC, Vitalik Buterin back $70 million raise for Polymarket

Peter Thiel’s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket. Ethereum co-founder Vitalik Buterin also backed the Series B round. The predictions marketplace also announced it raised $25 million in a Series A round, led by General Catalyst and Polychain.

dYdX founder Antonio Juliano steps down as CEO

Juliano steps down as dYdX CEO, Crnkovic-Rubsamen takes over. The transition marks Juliano’s move to Chairman and President roles. dYdX experiences surge in activity amid market rebound. In a significant leadership transition within the crypto space, Antonio Juliano, the founder and long-time CEO of dYdX, has announced his decision to step down from his role.