Words are the clothes that thoughts wear. -Ronald Geller
CoinSheet #219
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COIN BULLETIN
Fidelity to Launch Crypto Custody and Brokerage Solutions for Institutional Investors
Fidelity Investments, one of the world's largest financial services provider, announced the launch of a new company for crypto custody and brokerage solutions, named Fidelity Digital Asset Services.
This is the largest largest institutional player to get into crypto this year.
What's nice here is that Fidelity's CEO Abigail Johnson is a is a huge proponent of crypto and has herself been mining bitcoin for a few years.
Last year Fidelity has even set up a small bitcoin and ethereum mining operation that they say has been very profitable (source).
You know that expression 'the herd is coming'...well this is what they mean.
Looks like the "this will be the year Wall Street enters crypto" meme is coming true.
What else is going on...
Nothing important.
THINGS I LIKE
The Roubinis of the world
A broken clock is right twice a day, or in Nouriel's case, once every 10 years.
