Fidelity Report: Countries That Adapt Bitcoin Early Will Be ‘better off’.

According to a recent analysis by financial services company Fidelity, countries that embrace Bitcoin early would outperform their counterparts.

According to the article, Fidelity experts believe that a type of game theory is evolving on an international stage between governments, with early Bitcoin users set to profit the most.

According to the study:

“If Bitcoin adoption increases, the countries that secure some Bitcoin today will be better off competitively than their peers.”

According to Fidelity, governments will be obliged to purchase Bitcoin as a sort of insurance if popularity increases, regardless of whether they believe in cryptocurrency as a form of investment.

According to the research, “a small cost can be paid today” to hedge against a possibly much bigger cost in the future. Additional sovereign nation governments will buy Bitcoin in 2022 in order to benefit on its early acceptance. They also suggested that a central bank would step forward to buy BTC.

Fidelity cited new laws, like as the US infrastructure bill approved in November, as helping to establish cryptocurrency as a viable asset class.

While some MPs are attempting to change the bill before it goes into force in 2024, the financial services major stated that the regulation of digital assets ultimately constituted another “milestone” for the crypto industry as it establishes itself.

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Patrick

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