Good News about cryptocurrency on a Bitcoin Down Day!
Fidelity Investments
Fidelity is a company with over 70 years of experience in financial services. It is estimated to be the fourth largest asset manager in the USA, with an estimated to manage investments worth 7.2 trillion dollars . Fidelity has a new company aimed at financial institutions that want to trade and store digital assets. The company is named Fidelity Digital Assets, and it will offer offline cold storage for digital currency. The new company Fidelity Digital Assets is said to employ over 100 people, and is led by Tom Jessup, formerly managing Director at Goldman Sachs
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Additionally, Fidelity was recently granted a license to sell and store Bitcoin in New York State, in America. The state of New York is home to the city of New York, the home of the New York Yankees, New York Knicks and New York Jets professional sports teams, but also the New York Stock Exchange on Wall Street.
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Tom Jessop, who heads Fidelity Digital Assets, told CNBC that the so-called crypto winter hadn’t affected the rolling out of operations at the new unit. Weak prices have also failed to put a damper on the company’s institutional cryptocurrency offerings, he stated.
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I know that Bitcoin is down today and this week also so a decline in altcoins prices, but good news continues to occur as big institution prepare to buy and sell Cryptocurrency.
Remember American stock billionaire Warren Buffets famous bear market quote:
“Be fearful when others are greedy and greedy when others are fearful”
Only you should decide what to do with your hard earned money.
I just bought and powered up 400 more Steem.
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