Fidelity, A Big Financial Firm, Stated That Which Countries Become Early Bitcoin Adopters Will Be ‘Better Off’

According to a recent report by huge financial firm Fidelity, countries that adopt Bitcoin early would outperform other countries in the financial game.

“We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers.” Fidelity’s report was written.

According to Fidelity, governments will be compelled to purchase Bitcoin as a type of insurance in the near future. “Even if other countries do not believe in the investment thesis or adoption of bitcoin, they will be forced to acquire some as a form of insurance,” they said, “a small cost can be paid today as a hedge compared to a potentially much larger cost years in the future. We therefore wouldn’t be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition.“

Fidelity claims that it has not yet determined how much NFT impacts the market. “The implications for NFTs are wide-ranging. Many may argue that the prices that have been paid today for some of the largest NFT projects are nearly impossible to justify. While the long-term value of these NFTs is not known, the impact of increased digital property rights for art, music, and content is likely to be meaningful in some form. NFTs have brought about more questions than answers over the past year, but we expect some of those questions to be better answered in 2022.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Hazel

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Hazel

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