The Biggest Move in Bitcoin Is Made By Fidelity Investments!

 

The Biggest Move in Bitcoin Is Made By Fidelity Investments!
The Biggest Move in Bitcoin Is Made By Fidelity Investments!

I think Fidelity's put their Finger on an issue there are 80 Million Americans, that currently own or have owned digital assets 30 % of institutions want to own these digital assets in a 401K plan. It is a pretty common thing for Millions and Millions of workers to use to save in order to protect their family interests and this is gonna fill an important vacuum.  In the investment product market. Today I will talk about the huge Bitcoin adoption news and integration with Fidelity.

Fidelity is one of North America's largest financial service providers. They have just made a huge step towards Bitcoin adoption and integration. Fidelity to allow Bitcoin in 401K retirement accounts. Fidelity's new product will let Americans allocate as much as 20 % of their retirement savings to Bitcoin. Why is this such a big deal?  It's because Fidelity is literally the largest in North America by the number of 40 Million individual investors. At Fidelity about 11.8 Trillion assets under administration about 4.5 Trillion total discretionary assets about 2.8 Million daily average trades.

When you do well we do well as a privately held company we use our investor's mindset to make sound judgments for the long term for our customers and our business and to articulate. Why this is such a sound long-term product to offer their 40 Million customers and Trillions of money under management. Michael Saylor to clue us in as to why Bitcoin is first of all why would you want to put it in your retirement account, and second, what are the advantages Bitcoins digital property and that makes it the perfect asset for a retirement plan.

It's less risky than bonds than stocks than you know commercial real estate than gold. It was kind of built for this most people buy Bitcoin. They want to give it to their grandchildren and their great-grandchildren, so I think Fidelity's put their finger on an issue. There are 80 Million Americans that currently own or have owned digital assets 30 % of institutions want to own these digital assets. A 401k plan is a pretty common thing for Millions and Millions of workers to use to save. In order to protect their family interest and this is going to uh fill an important vacuum in the investment product market now.

I realize that Micro strategy is technically a tech company but it is also the largest publicly-traded company uh in terms of Bitcoin holding. So are you expecting many of your employees to actually adopt this into the retirement plans, yeah there has been a lot of demand for this? They have been asking for it for quite a while and so it is a technical challenge to offer 401k savings plans and Fidelity has overcome that challenge by offering a great product. So we are really delighted to be able to offer it to our employees.



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