Tag Archives: fidelity

Anthony Scaramucci – the man behind Skybridge Capital and a former employee in the Trump administration – said in a recent interview that despite the recent crash, he’s confident bitcoin is in a good place. Anthony Scaramucci on the State of BTC He says bitcoin is going to experience a “demand shock” in the coming months, meaning everyone is going to want in again and the price of the asset could spike like nobody’s business. He’s confident the currency is going to make...

A few months ago, Fidelity – one of the biggest retirement account firms in the world – announced that it was going to allow customers to put some of their retirement savings into digital currencies like bitcoin and Ethereum. Fidelity Rubs Senators the Wrong Way The news saw many traders and investors hitting the roof. This would surely make all crypto legitimate and mainstream, but it also rubbed a lot of people the wrong way, especially democrat senators. They scoffed...

Fidelity Investments has opened its retirement services to those who love crypto. Fans of digital currencies like bitcoin and Ethereum can now purchase these assets and many others like them through their Fidelity-based 401Ks and retirement funds. Fidelity Is Stirring Concerns Amongst US Lawmakers Naturally, the move leads to many questions, a main one being, “How big will the crypto space become from here on out?” The maneuver is likely to lead to new levels of...

Not long ago, Fidelity Investments announced that customers would be able to invest in crypto like bitcoin through their 401Ks and retirement accounts. In addition, several businesses offering 401Ks to their employees could soon see these individuals purchase assets like BTC, ether, and maybe even Dogecoin through their company-funded retirement profiles. Fidelity Moves Forward with Crypto The news was widely welcomed in the crypto space, with many analysts saying it...

Fidelity Investments – one of the largest investment and trading companies out there – has announced that customers can place cryptocurrencies like bitcoin into their 401Ks and retirement funds. Fidelity Allows Users to Invest in Crypto with Their 401Ks Adam Dell – the founder of Domain Money – believes this is one of the biggest boosts crypto has been given in recent years. During an interview, he commented: It’s a recognition that investors are looking for access to...

Fidelity’s bold move of offering investors the opportunity to add Bitcoin to their retirement 401(k) accounts has caused concern from the US Labor Department. Though seeing that the speculative nature of Bitcoin is a worrisome issue as it gets incorporated into the retirement plan open to average Americans, the authority said it had no intention of banning the asset in 401(k)s. Concerns Regarding Cryptocurrency In an interview with the Wall Street Journal, Ali Khawar, acting...

The past seven days haven’t been particularly favorable for the cryptocurrency in terms of price action. Bitcoin dropped below $40K and is currently unable to reclaim the important psychological level, while many altcoins followed a similar, if not tougher, path. This time last week, BTC was trading at around $42,000, but this didn’t last long. The cryptocurrency began declining last Friday, and by Saturday, it was already trading below $40K. The beginning of the workweek...

Bitcoin has been rocking as of late. While the currency is nowhere near where it was just five months ago – at that time in November of 2021, the world’s number one digital asset was trading for about $68,000 per unit – the currency has managed to get itself out of the doldrums and spike into the mid to high $40,000 ranges, a solid improvement over the $37,000 it was trading for in mid-March. Bitcoin Could Be Heading to the Stars Now, Van Eck – a company known for its...

Fidelity – an investment platform – has called bitcoin a “superior” form of money, and it doesn’t think any other form of crypto is likely to surpass it. Fidelity Thinks Bitcoin Is the Strongest Crypto It’s unclear if Fidelity is a crypto fan or not, though it seems to recognize all the headway the currency has made in recent years. Not long ago, the company announced that many more countries are likely to follow in the footsteps of El Salvador, which was the first nation in the world to...

According to investment firm Fidelity, 2022 will be a year in which more countries purchase bitcoin and add the digital currency to their balance sheets as a means of remaining competitive. Fidelity Believes More Nations Will Add BTC to Their Balance Sheets This is a craze that was likely started by the Central American nation of El Salvador, which in the summer of 2021, stated that it would be the first country in the world to declare BTC legal tender. This meant that...