Happy Wednesday, Blockfolians
Lots going on in the big ol’ world today. We’ve got the Federal Reserves FOMC meeting saying a whole lot more of nothing. The CEOs of Apple, Alphabet, Amazon and Facebook all testified before Congress.
And over in our little corner of the financial world, Fidelity just dropped part one in its series on their Bitcoin Investment Thesis.
The whole report is worth a read, but the central focus is the idea of bitcoin as an aspirational store of value.
Here’s the money line:
External forces that are accelerating interest and investment in bitcoin include unprecedented levels and exotic forms of monetary and fiscal stimulus globally with unknown consequences.
Every time a brand like Fidelity publishes a piece like this, that aspiration gets a little more real.
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Highly Relevant Reading
Marine Corps have banned crypto mining apps on issued devices
Central bank of the Philippines gets serious about a digital currency
Related, a digital yen has become a “top priority” for Japan
Ledger has lost 1m customer email addresses in a hack. Ouch.
An awesome new project supporting bitcoin developers
According to a new survey, 15% of American adults own some cryptocurrency
A Really Big Number We Should Be Paying Attention To
That’s the percentage of all bitcoin holdings that are in the black - in other words, worth more than they were at the time of purchase or acquisition.
Seriously, we’re slacking.