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Head Of Fidelity Digital Assets Says Bitcoin Is Not A Store Of Value Asset Yet
Summary: Head of Fidelity Digital Assets (FDAS), Tom Jessop, stated that while investors hope Bitcoin will become a store of value asset, it is still too volatile to claim that role during the Reuters Global Investment Outlook Summit 2020, as reported by Reuters. Fidelity Digital Assets offers cryptocurrency and custody services for financial firms and corporations. He added ...
Head of Fidelity Digital Assets (FDAS), Tom Jessop, stated that while investors hope Bitcoin will become a store of value asset, it is still too volatile to claim that role during the Reuters Global Investment Outlook Summit 2020, as reported by Reuters.
Fidelity Digital Assets offers cryptocurrency and custody services for financial firms and corporations. He added that while Bitcoin's volatility prevents it from acting as a true store of value asset, it could aspire to become one.
“We use the words ‘potential store of value’ as Bitcoin is still extremely volatile, and by any standard perhaps would not achieve the mantle of a true store of value,” Jessop said.
At the time of writing Bitcoin is trading hands for $19,377 and is up 1.56%, according to coinmarketcap.
By Emily Mason
Tags: Bitcoin,BTC,Fidelity Digital Assets
Link: Head Of Fidelity Digital Assets Says Bitcoin Is Not A Store Of Value Asset Yet [Copy]
