Fidelity Investment Announces The Possibility Of Investing A Part Of Your Pension Funds In Btc

13 June 2022

Category

Share on:

Fidelity Investiment is a company that deals with the allocation of 30% of US pensions. The financial giant has repeatedly said it is in favor of investing in BTC and crypto for its customers, for which it already offers themed products.

The revolution would lie in the possibility of allocating a portion of the money destined for the American 401K in Bitcoin, given that Fidelity already administers this function for over 23,000 companies in the US, and, if successful, it could further increase this number.

Given that the market for these funds amounts to hundreds of billions of dollars, although initially used in an "exploratory" mode, this new liquidity vehicle for BTC could be another very important driver for demand, and further drain the supply on Exchange.

Microstrategy, Michael Saylor’s company, immediately expressed its willingness to collaborate in this regard, proposing a testing on its employees.

No active "ca-sidebar-59" sidebar
Recent Post
solar energy and blockchain-themetaeconomist

Solar energy and blockchain to win the ecological challenges

A dive into the future of technological innovations in Milan

Address Poisoning attacks-themetaeconomist

What do you know about Address Poisoning attacks?

ftx refunds customers-themetaeconomist

FTX's collapse, customers to be repaid?

tme tv interview with Laura Rosell -themetaeconomist

TME TV - INTERVIEW WITH LAURA ROSELL

cz binance founder - themetaconomist

Binance founder sentenced to prison on money-laundering violations

1 2 3 63
TheMetaEconomist 2022 - Privacy / Cookies
crossmenu