Bitcoin

A large Us asset manager, will open the doors for Bitcoin management

Asset management company Fidelity is there for bitcoin (BTC) and the other cryptomunten are to be found in the American multi-national company. So says the CEO Abigail Johnson-compared the Financial Times.
Fidelity is a major player in the financial world. The service provider run in 2018, $2,46 billion in assets for thousands of clients.

Preparation

The company has been more than a year, has been busy with the setting up of this service. In addition, there are also a couple of customers have acquired it.
Accurate focus with this regulation and, for example, a financial adviser. Johnson: ”there are people out There with tremendous ability, which is a large part of their wealth in cryptomunten, most likely bitcoin, want to quit. They are looking for someone who wants to manage it.”
This concerns, in particular, for those who take into account their death, says the CEO of Fidelity: ”Sooner or later, died, you, then you need to have a plan to take the coin to someone else to pass it on.”
Johnson sees this as a gap in the market. It provides for an increase in demand from the angle of investors, but it will also be a market for wealthy private individuals

Bitcoin

The beautiful thing about bitcoin, however, is that there are all kinds of ways to come up with where you are in your ability to not have to save it for a different one.
At the same time, you can also get plenty of rest sure, if you’ve got a lot of, and that is in part, at a different lodge. However, it undermines the concept of bitcoin, where you can be your own bank, you.

The competition

During the interview with the Financial Times, is a competitor Coinbase over and done with. The largest of the American cryptobeurs via Coinbase to the Point that similar services like Fidelity.
Johnson, however, is not impressed: ”It’s a business where almost no one will have heard of. They do not have long-term relationships with our independent agents.”
Coinbase to the Point of saying, at this time, approximately 120 residents from 14 different countries. The exact amounts are not known.

Shrink

Fidelity is, therefore, open to the public, for the storage and management of BTC, and the other cryptomunten. However, the company has been careful in the terms of trade.
In the interview with CNBC says Kathleen Murphy, president of Fidelity Personal Investing, is that they don’t have to rush it, want to trade.

“We have to be very careful with it. As we cryptovaluta embrace it, and make it easier to understand, we have to be careful with this sort of thing. Therefore, we don’t have a retail platform. We do not want private sector investors to make mistakes with cryptomunten.”
Kathleen Murphy

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About the author

Jeremiah Faber

Jeremiah Faber

Jeremiah is an explorer by heart – both in the physical and the digital realm. A traveler, Jeremiah continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Jeremiah and through his business acumen has gained financial profits as well as fame in his business niche.