Here's a quiz. Where might you think a HUGE (like, 26 million) posse of potential new bitcoin buyer could come from? Asia? Africa? WRONG! How about Fidelity Investments. WOW you say, and WOW it is. The fifth largest asset management firm is all in on bitcoin.........and has been. As we have pointed out previously, Abigail Johnson (Fidelity's CEO) is a staunch believer in bitcoin AND even runs a profitable bitcoin mining operation. Bitcoins are even accepted in Fidelity's cafeteria, and they've synced CoinBase accounts to their user dashboard so customers can view their balances while viewing their Fidelity account info as well. FAD? No way. Fidelity sees institutional money tip-toeing into the cryptocurrency sector AND......................well, just take a moment to read this an learn what Abigail Johnson already knows; Bitcoin is here to stay.
(Bill Taylor/CEO)
Fidelity Investments is about to create 26 million potential bitcoin buyers…
Fidelity is the fifth-biggest asset management firm in the U.S. The firm has $2.3 trillion under management.
On the outside, it looks like any traditional financial services company…
It runs a brokerage firm. It manages mutual funds. It provides investment and retirement advice. And it offers life insurance.
Your company may even use Fidelity’s payroll services.
But here’s something that the firm’s 26 million individual investors might not realize…
A growing portion of those $2.3 trillion in assets are coming from bitcoin…
You see, Fidelity CEO Abigail Johnson is “a firm believer in bitcoin.”
And she doesn’t just talk the talk. She walks the walk.
Fidelity allows its 40,000 employees to buy coffee or lunch in the company’s cafeteria with bitcoin. That’s all fine and dandy. But what really caught our attention was this…
Johnson says Fidelity recently opened a bitcoin mining operation. And it’s turning a profit. Johnson’s own words, per the online magazineQuartz
:I’m one of the few standing before you today from a large financial services company that has not given up on digital currencies. We set up a small bitcoin and Ethereum mining operation… that miraculously now is actually making a lot of money.
This is just the latest bullish news for bitcoin. Here’s why…
The first bitcoin miners were computer geeks living in their parents’ basements..."
Full Story at Internationalman.com