Fidelity Executive: Crypto Markets Are Identical to Commodities Boom of 1990s

Fidelity Executive: Crypto Markets Are Identical to Commodities Boom of 1990s

There are all kinds of interesting things taking place in the crypto markets as we speak, despite the massive volatility and the multiple price corrections that we have been seeing.

A top executive at Bitcoin custodial firm Fidelity Digital Assets Europe says that the crypto industry is mirroring the commodities boom of the 1990s.

In a new interview with Real Vision founder and macro guru Raoul Pal, Christopher Tyrer says that crypto markets are setting up the same way commodities did decades ago.

“People are asking: is [crypto] a real investable asset class? Does this have a place in a traditional diversified investment portfolio? These are questions that we went through with commodities 20 years ago.”

He also said this:

“And we now know that pretty much every managed portfolio has some allocation to commodities as a diversifier… The setup that we had back then and the setup that we have right now, the parallels are just really striking.”

Tyrer also made sure to explain that in the 2000s, blue-chip companies were hesitant to invest in commodities until the proper infrastructure was set up.

He explained that these days, on the other hand, crypto assets are going through the same pattern of growth.

“Prior to the early 2000s, most investment portfolios didn’t have an allocation to commodities. They were really corporate hedging markets. Then we saw a series of what I would call product regulatory market access and infrastructure developments that laid the foundation and enabled institutional participation…”

He continued and explained this:

“Fast forward to today and I think that’s where we are with digital assets.”

Crypto adoption boom

Earlier today, we revealed that the crypto is seeing increased adoption these days.

More than that, a popular crypto analyst is optimistic that Bitcoin (BTC) will rally in the next few weeks after months of down-trending price action.

The host of financial education YouTube channel InvestAnswers says in a new video that he expects the price of Bitcoin to possibly go up as high as $50,000 in April.


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