Fidelity Report Says Bitcoin’s Market Cap Is ‘Drop in the Bucket’ of Potential
"In a world where benchmark interest rates globally are near, at, or below zero, the opportunity cost of not allocating to bitcoin is higher," the report said.
Coinbase Ventures also joined the round.
BC's OSL exchange is the first crypto brokerage to receive Hong Kong regulators' blessing.
The 2020 crypto totals beat 2019's tally of $13 million, but the amount fell short of 2018's $30 million.
Fidelity Investments CEO Abby Johnson says the mutual fund giant's custody business around bitcoin has been "incredibly successful" and has a "tremendous pipeline."
Fidelity said it wants to improve bitcoin custody and executive services and build products to "support the ecosystem."