A few months after questioning bitcoin’s store of value status, Tom Jessop, the head of Fidelity Digital Assets, stated that BTC and the entire industry are at a “tipping point” in terms of maturation and global adoption. He breached the COVID-19 pandemic and the “ultralow” interest rates as the most significant reasons behind crypto’s rise.
Tipping Point for Bitcoin Adoption
Fidelity Investments has been among the most receptive institutions when it comes down to the cryptocurrency industry for years through its crypto arm – Fidelity Digital Assets.
The branch’s President, Tom Jessop, gave somewhat surprising for some comments in late 2020 where he noted that bitcoin is “not quite there” as a store of value because of its enhanced volatility.
During a more recent interview with MarketWatch from this week, though, he seemed significantly more bullish on the general perception of BTC and the entire crypto space.
He indicated that the industry is at its “tipping poi
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