It has been revealed the fact that the director of $4.5 trillion Fidelity had something extremely interesting to say about Bitcoin. Check out the latest reports about this below.
Fidelity director drops the bomb on Bitcoin
NEW: $4.5 trillion Fidelity Director of Global Macro says #Bitcoin's risk-reward is "in a different universe." 👀 🐂 pic.twitter.com/bVXG56bJw0
— Bitcoin Magazine (@BitcoinMagazine) November 2, 2023
Bitcoin Magazine also addresses the faith in Bitcoin and its mass adoption.
“BM Pro: Rapid Acceptance of #Bitcoin as Safe Haven, and the Death of Yield Curve Control #BTC is finding its home as a safe haven asset as Treasuries struggle. The BOJ is between a rock and a hard place, seemingly putting the brakes on YCC.”
A follower commented: “Bitcoin’s growing acceptance as a safe haven asset shows its potential beyond traditional investments. It’ll be interesting to see how central banks navigate the challenges posed by this shift.”
Bitcoin to the moon!
During a recent earnings call for MicroStrategy, the company’s founder, Michael Saylor, expressed his belief that the approval of Bitcoin (BTC) exchange-traded funds (ETFs) would lead to significant market growth for BTC.
According to Saylor, the approval of BTC ETFs would attract a large amount of funding from institutional investors.
As an outspoken Bitcoin advocate, Saylor predicts that such ETFs could be a significant catalyst for the growth of the cryptocurrency industry.
“And as we look forward to potential spot ETFs coming along, we think that’s going to actually grow the market dramatically and it’s going to be another great investment option for a different class of institutional investors that’ll be beneficial to all.”
Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red, and the king coin is priced at $34,291. Stay tuned for more news from the crypto space.
