Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Fidelity Advises Bitcoin Investments While the Price is Low

Fidelity Advises Bitcoin Investments While the Price is Low

Kelly Cromley by Kelly Cromley
Jan 16, 2022
in Bitcoin News, Market News, News
Reading Time: 3 mins read
0

Bitcoin climbed throughout the most of 2021, aided by Tesla TSLA and El Salvador’s adoption of the numero uno cryptocurrency (even though Tesla CEO Elon Musk is progressively supporting the meme-themed dogecoin).

After reaching a historic high of about $70,000 per bitcoin in November, the price of bitcoin has been on a downhill, dropping roughly 40% of its worth and erasing $1 trillion from the entire cryptocurrency industry.

Furthermore, Wall Street behemoth Fidelity has predicted that more nations and also a central bank may follow the footsteps of El Salvador and Tesla and adopt bitcoin in 2022, emphasizing that those who purchase bitcoin while the price is low “would be competitively placed better than their counterparts.”

“There is a really great deal at stake here, where nations investing in Bitcoin now will be placed very well commercially than late entrants,” Fidelity analysts Chris Kuiper and Jack Neureuter mentioned in a report, further stating that they “will not be shocked to see many more sovereign countries and maybe even a central bank buy Bitcoin this year.”

“While I have a similar opinion as Fidelity, it’s still remarkable to see the bitcoin adoption game notion in a conventional financial institution’s report,” tweeted Bitcoin proponent Alex Gladstein, chief strategy officer at the Human Rights Foundation.

“While I have a similar opinion as Fidelity, it’s still remarkable to see the bitcoin adoption game notion in a conventional financial institution’s report,” tweeted Bitcoin proponent Alex Gladstein, chief strategy officer at the Human Rights Foundation.

El Salvador designated bitcoin as a legal tender besides the US dollar in September and started investing in it. In 2022, the country announced its intention to purchase additional $500 million worth Bitcoin, financed by the issue of tokenized bonds worth $1 billion, and to establish a “Bitcoin City” where taxes will be extremely low. Politicians of nations’ politicians are closely monitoring El Salvador’s bitcoin adoption for evidence of success, and several have said that they might explore a similar step if it succeeds.

Earlier this week, the mayor of Rio de Janeiro allegedly stated that he intends to commit 1% of the city’s treasury holdings to cryptos. In the US, Miami’s mayor, Francis Suarez, stated in 2021 that he intends to invest a portion of the city’s cash in Bitcoins. Nevertheless, Elon Musk’s Tesla joined business tech firm MicroStrategy (MSTR) last year by including bitcoin to its strategic treasury, igniting a flurry of comparable corporate purchases.

“Even in case rest of the nations does not agree about bitcoin’s investing strategy or uptake, they will be obliged to purchase a small quantity as risk mitigation asset,” the Fidelity analysts concluded. “Put differently a minor expense now may serve as a hedge against a much higher cost years from now.”

In the past two years, the bitcoin price has increased over 400%, while the entire cryptocurrency market has grown to about $2 trillion, from roughly $200 billion. Nevertheless, the bitcoin prices stay very volatile, collapsing 40% from its heights twice in 2021, despite Wall Street experts anticipating more bitcoin and cryptocurrency usage.

Bitcoin and cryptos are expected to gain traction with conventional investors and businesses in 2022. JPMorgan (JPM) equities market analyst Kenneth Worthington said in a research document a week before. Bitcoin is “exceptionally well-structured as a new age store of value, and this solid model has played a role in bitcoin’s renewed confidence and valuation,” Worthington noted, forecasting that this year will be “the year of the blockchain bridge” (enabling increased inter-connectivity between different chains) or “the year of tokenization” in financial sector.

Previous Post

Arkansas Offers Bitcoin Worth $10K for Remote Tech Workers to Shift There

Next Post

SkyBridge Capital Founder – Algorand will be the Crypto of Google

Related Posts

nexus-expands-cross-platform-with-four-new-blockchain-games

Nexus Expands CROSS Platform with Four New Blockchain Games

by Kelly Cromley
Jun 18, 2025
0

Nexus has formalized an onboarding agreement with international gaming companies to integrate four blockchain-based games into its open platform, CROSS....

avail-launches-full-stack-to-address-blockchain-scalability-issues

Avail Launches Full Stack to Revolutionize Blockchain Scalability

by Kelly Cromley
Jun 18, 2025
0

Avail, a company focused on modular blockchain infrastructure, has officially rolled out its full Avail Stack, aiming to address major...

global-settlement-facilitates-feniix-tokenized-energy-deal

Feniix Energy Finalizes $75M Oil and Gas Acquisition Deal Using Tokenized Capital

by Kelly Cromley
Jun 18, 2025
0

Latin American energy firm Feniix Energy has completed a landmark $75 million acquisition of a live oil and gas operation,...

my-neighbor-alice-game-launched-on-chromia-blockchain

My Neighbor Alice Launches First Full Game Chapter on Chromia

by Kelly Cromley
Jun 18, 2025
0

The widely recognized blockchain game My Neighbor Alice has officially entered a new phase with the release of Chapter One:...

eigencloud-to-extend-blockchain-grade-trust-to-non-blockchain-apps

EigenLayer Unveils EigenCloud to Bridge Blockchain and Off-Chain Trust

by Kelly Cromley
Jun 18, 2025
0

EigenLayer has taken a significant step forward in overcoming one of the long-standing limitations of blockchain technology by launching EigenCloud,...

Chainalysis to partner Aptos Foundation

Chainalysis and Aptos Join Forces to Tackle Blockchain Threats

by Kelly Cromley
Jun 17, 2025
0

Chainalysis has entered into a strategic partnership with the Aptos Foundation in an effort to strengthen blockchain security through improved...

Next Post
SkyBridge Capital Founder – Algorand will be the Crypto of Google

SkyBridge Capital Founder – Algorand will be the Crypto of Google

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

nexus-expands-cross-platform-with-four-new-blockchain-games
Market News

Nexus Expands CROSS Platform with Four New Blockchain Games

by Kelly Cromley
Jun 18, 2025
avail-launches-full-stack-to-address-blockchain-scalability-issues
Market News

Avail Launches Full Stack to Revolutionize Blockchain Scalability

by Kelly Cromley
Jun 18, 2025
global-settlement-facilitates-feniix-tokenized-energy-deal
Market News

Feniix Energy Finalizes $75M Oil and Gas Acquisition Deal Using Tokenized Capital

by Kelly Cromley
Jun 18, 2025
my-neighbor-alice-game-launched-on-chromia-blockchain
Market News

My Neighbor Alice Launches First Full Game Chapter on Chromia

by Kelly Cromley
Jun 18, 2025
eigencloud-to-extend-blockchain-grade-trust-to-non-blockchain-apps
Market News

EigenLayer Unveils EigenCloud to Bridge Blockchain and Off-Chain Trust

by Kelly Cromley
Jun 18, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • ETF
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree