Avatar photo
By Daniel CreechFebruary 14, 2022

The most surprising company to enter the crypto space yet

bitcoin

“Bitcoin’s first technological breakthrough was not as a superior payment technology but as a superior form of money.”

That’s a strong statement from anyone…

But it’s all the more impactful as it comes from one of the biggest and oldest and most trusted names in finance: $11 trillion financial services titan Fidelity.

In a report published last month, the investment firm made a handful of surprisingly bullish comments on Bitcoin…

  • “Bitcoin should be considered an entry point for traditional allocators looking to gain exposure to digital assets”
  • [Bitcoin is] “the scarcest monetary asset in this emerging digital asset category”
  • “Bitcoin clearly possesses a lot of good qualities of money, combining the scarcity and durability of gold with the ease of use, storage, and transportability of fiat (even improving on it).”
  • “The first-mover advantage led to a lack of true competition for Bitcoin’s primary use case as a monetary asset and a store of value and creates a drastically different return profile for Bitcoin investors.”

In short, Fidelity views Bitcoin as being in a league of its own in the digital asset space. The main reason for its dominance is simple: it was the first crypto to gain widespread acceptance by users and investors.

In other words, Bitcoin has established itself as the preferred “store of value” in the digital asset space. The report repeatedly compares Bitcoin to gold, highlighting the limited supply (or scarcity) of both.

Fidelity also points out the incredible breakthrough that Bitcoin’s decentralized network represents: a peer-to-peer system where individuals can exchange value securely and without a third party (like a bank). 

None of this may sound groundbreaking. These observations are pretty similar to what crypto enthusiasts have been saying for years… 

The groundbreaking part is who’s saying it…

Put simply, Fidelity—which has been in business for over 70 years and handles the assets of millions of individual investors—isn’t a company that jumps into every new investment fad. It has a strong reputation to maintain… and needs to take a conservative, long-term approach with its business and advice to clients. 

Fidelity isn’t looking to be a carnival barker… And this isn’t a report full of headline-grabbing price targets. It’s a macro-overview of the crypto space… intended to educate clients about Bitcoin and other digital assets.

Looking to the future, Fidelity says it doesn’t envision the world having a single, global currency. And Bitcoin doesn’t need to overtake the U.S. dollar as the world’s reserve currency to be successful. 

More importantly, Fidelity says investors should take a two-pronged approach to the crypto space by owning Bitcoin (as the superior monetary asset in the digital asset space)… and allocating some money to other coins “for exposure to the innovation and experimentation ongoing within the ecosystem.”

The fact that Fidelity is putting out reports on Bitcoin is a strong indicator that this asset class isn’t going away. It’s changing how individuals view money and transferring value… And offering investors life-changing opportunities in the process.  

There’s a lot of noise in the crypto space—hype-fueled commentary that focuses on price predictions and uses phrases like “to the moon” to describe the future gains on certain coins…

You should ignore most of it.

But when Fidelity weighs in on an investment theme… every investor should take notice.

Avatar photo
Daniel Creech is a Curzio Research analyst with over a decade of experience. He writes on macro trends, large- and small-cap stocks, and digital securities. He’s a regular contributor to Wall Street Unplugged, Curzio Crypto, Curzio Research Advisory, and The Dollar Stock Club.

P.S. The pullback in crypto is the perfect time to pick up amazing assets at bargain prices.

And that’s exactly what we did recently in Crypto Intelligence by adding to five of our positions… (while locking in 220%-plus gains on a sixth.)

Get access to these and numerous other assets—including a market that could be 10x bigger than Bitcoin—by joining Crypto Intelligence today.

What’s really moving these markets?
Subscribe to access daily market updates and exclusive content
More about Digital Assets
Artificial intelligence

A stock primed to surge thanks to AI

NVDA—the world's best company? … How to make a fortune in gold… RFK Jr.'s outrageous comments… When will the Fed cut rates? … Dimon is talking out of his a** … And a stock primed to profit from AI.

Meme stocks are back! [My picks]

Don't trust the headlines about the CPI… Biden is a hypocrite about tariffs… Dimon's imminent warning… Don't believe these lies about gold… Bitcoin's next bull market? … Meme stocks are back… And these highly shorted stocks are poised to skyrocket.

Did the SEC just prop up crypto?

Netflix is king of streaming… The Disney/Warner Bros. deal is a mistake… Are rate cuts on the horizon? … Is Airbnb a buy? … Gensler's latest crypto comments… FTX’s unprecedented bankruptcy… And how to play the uranium bull market.

Powell is f*cked

The Fed has a serious dilemma… The selloff in META is overdone… This popular stock is a short at current levels… Bitcoin will surpass $300,000… And a short-term trade on an industry leader. Plus, the next Crypto 2024 LIVE.

More from Daniel Creech

Should crypto investors be worried?

These "smart money" investors believe we'll still see rate cuts this year… What's behind Bitcoin's pullback… Why the oil selloff is actually a positive sign… McDonald's (MCD) new smellable billboard… And this defense stock will benefit as geopolitical conflict escalates.

Why you’ll soon own Bitcoin and like it

These investors were big winners in 2023—should you follow them in 2024? … Why auto insurance premiums keep rising… How the uptick in inflation impacts the bulls' thesis… Bitcoin ETFs are officially trading… And an under-the-radar AI play.

How crypto could decide our next president

The Fed is about to make a big mistake... Will weight loss drugs kill consumer staples stocks? … The latest from Sam Bankman-Fried's fraud trial… Bitcoin's role in next year’s presidential election… And how to play the energy bull market.

The perfect recipe for higher energy prices

Proof that your tax dollars are working hard… Why this market rally could continue (despite the war)... Several tailwinds for higher energy prices… The only inflation number that matters right now… And Bill Ackman's beef with Harvard.

The terrible ripple effects of the COVID stimulus

The economic impact of the autoworkers' strike—and an auto stock setting up for a great trade… Will interest rates hit 7%? … The ripple effects of the government's COVID stimulus… And a mega-cap growing twice as fast as the market.