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What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
Bitcoins in its pure essence is money. It is digital currency that serves the same functions and pu…

Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis

Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis

Fidelity Digital Assets (FDA) quotes Satoshi Nakamoto in its latest investment thesis report.

The thesis is part of a series of reports examining the perspectives driving interest and investment in bitcoin.

FDA is affiliated with Fidelity through parent company Fidelity Management & Research (FMR). One of the largest financial services corporations in the world, Fidelity has an estimated $7 trillion worth of assets under management (AUM).

Commenting on its findings, FDA says it has learned that investors view bitcoin as an aspirational store of value while also noting the limited knowledge about the same by stakeholders.

Additionally, FDA observes that the current investor “rationale for establishing exposure now” is premised on a belief that bitcoin “will be a much larger market if it is widely used as a store of value in the future.”

This optimistic investor perception fits well with a famous Satoshi’s quote which FDA includes in this bitcoin investment thesis. Satoshi wrote:

It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self-fulfilling prophecy.

Current investors in bitcoin are hopeful the coin will ultimately attain the objective of becoming a store of value despite present volatility concerns.

As the investment thesis further explains, over time, “volatility should continue to decline relative to current levels as narratives converge.”

Meanwhile, investors interviewed by FDA as part of this thesis believe the next wave of awareness and adoption could be driven by external factors, such as unprecedented levels of intervention by central banks and governments.

Longer-term tailwinds that could fuel adoption include the use of bitcoin to preserve wealth amid “slow and steady” inflation and the “looming generational wealth transfer to millennials, who view bitcoin more favourably than other demographics.”

How significant is the reference to Satoshi by Fidelity Digital Assets? Share your thoughts in the comments section below.

The post Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis appeared first on Bitcoin News.

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