Fidelity Investments Has Opened Bitcoin Trading to the Public
Investment advisory firm Fidelity Investments has just dropped a bombshell on the blockchain world. In a move that we’re sure is going to have the cryptocurrency nerds in a tizzy, Fidelity has announced it is allowing its clients to invest in Bitcoin.
What Does This Mean?
You don’t have to be a tech-savvy enthusiast to find this news exciting. This could mean big things for Bitcoin, as it is now available to millions of Fidelity investors who may not have previously considered investing in crypto.
What’s the Catch?
Well, you won’t be able to go out and buy some Bitcoin directly. Fidelity won’t be dealing in direct retail purchases, only institutional or accredited investors. But, this is still big news, as it means Bitcoin is officially legitimate in the eyes of a respected, established financial services firm. It’s a long way from being classed as a currency of the future amongst techies.
What Do We Think Is Going To Happen Now?
In a word? Chaos! It’s hard to predict precisely what will happen when the Fidelity announcement hits the mainstream. But, here’s a few our educated guesses:
- There will be a lot of people who suddenly think they know everything there is to know about cryptocurrencies;
- Cryptocurrencies will become a more mainstream topic of conversation;
- Experts will debate whether or not the influx of new investors is going to make it harder to effectively trade cryptocurrencies; and
- We might just see some wild fluctuation in the Bitcoin price.
No matter what happens, though, we’re sure it’s going to be an exciting few weeks for cryptocurrency fans. (Oh, and definitely don’t forget to take what the experts say with a pinch of salt!)
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