forbes.com
> Fidelity president and director of digital funds Peter Jubber today filed paperwork with the U.S. Securities and Exchange Commission (SEC) informing the regulator of a new fund dedicated to bitcoin.
> The results of a survey of 800 institutional investors from the U.S. and Europe
fidelitydigitalassets.com
> We do know that the minimum investment to join the pooled investment fund is $100,000, indicating this is likely only for institutional and accredited investors.
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Fidelity Index fund is coming. WTF.
coindesk.com
> "Wise Origin Bitcoin Index Fund I, LP" has a $100,000 minimum buy-in and a high-ranking executive officer to boot: Peter Jubber, head of strategy and planning for the increasingly crypto-friendly investments giant Fidelity.
>Disclosed in a Wednesday morning filing with the Securities and Exchange Commission, the fund is the latest example of Wall Street veterans warming up to bitcoin. Fidelity, one of the largest mutual fund firms in the U.S., is also leading the Street in bitcoin research and services.
>Wise Origin links back to Fidelity Investments via Jubber and Fidelity's brokerage service and distribution subsidiaries, both of which are set to receive sales compensation from the new fund. It also shares a Boston office building with Fidelity.
|>Fidelity declined to comment on its ties to the fund. A Delaware corporation called FD Funds GP is Wise Origin's general partner, and Jubber is FD Funds' president.
>While it is not known how the fund will approach bitcoin investing, Jubber waxed bullish on blockchain in a 2017 podcast sponsored by Fidelity. At the time he said his firm had sketched out 10 years of potentialities for the institution-disrupting tech.
>"Every incumbent should be spending time and money on this topic to understand it, at least to understand the threat," he said in the podcast. "But I think there's just a massive opportunity."
>The fund has yet to raise any capital from investors.
My bad, I actually made an effort to discuss finance happenings on Zig Forums
No dude, thank you. You are doing gods work.
This news is huge and just another sign of the imminent gbr.
institutions are getting in. we know
You should be ashamed of yourself.
Bullish as fuck goddamn
What action can I take TODAY to profit from this?
Let's fucking goooooooooooo
Literally stack sats.
It’s the best hedge against inflation and the supply is ever decreasing.
Guess where the billionaires and millionaires will look once the floodgates open?
fag
it's literally crashing
I know for a fact the this is bullish long-term. But BTC will sure as hell drop first so they can buy shit. Kikedelity won't buy BTC at this price. They would want to be in at a better price.
tl;dr BTC will dump short-term, will pump to the next universe long-term. Hodl if you wanna play safe. Swing trade if you have the skills. Good luck, fags. BTC is still the KING.
>said his firm had sketched out 10 years of potentialities for the institution-disrupting tech.
what could they be?
where,,, to buy sir
Institutional players accumulate by liquidating retail traders, that much has been the truth since forex trading began.
I don’t think it goes much lower, the sell pressure on futures are mounting to push price down to $11k so their spot order gets filled at that level, then we rise parabolically.
Uniswap sir.
I think the fact that people are still generally bullish about BTC means that there's still enough BTC that could be shaken out unless majority bought within the 8k-9k channel, which I doubt. Retail bought when we had a run to 11k, and if we go lower than that, there's a higher chance of panic sells. Having said that, BTC will no longer be seen below 10k.
Is it Bitcoin ETF ? The breadcrumb suggest that BTC ETF wont be live without the decentralized data feed to avoid market manipulation
Not sure how to do it, can you show me over teamviewer?
god i hope BTC dumps so I can buy more cheaply
bump
WTF is this shit???
dailyhodl.com
They're predicting it will go to $1M per BTC, that's McAfee level prediction by Fidelity themselves, holy shit.
Why aren't the normies talking about this??
> Although there is a fierce debate on whether the stock-to-flow ratio is an accurate way to forecast Bitcoin’s trajectory, Fidelity says the model is a credible tool for analyzing scarce assets. The firm says historically, the metric is a sound way to judge whether a given commodity will become a successful store of value.
no
Normies are busy gambling on options in the stock market. Unironically institutions are loading their bags with BTC right now getting ready to sell it to the idiot retail investors in a few months to a year.
You might be spot on fren.
Its obvious to see if you really look at what is going on. Literally every retail financial insitution has launched or is launching Bitcoin/crypto arms for the past 2 years, Paypal is about to start selling it too. They will get that all up and running, moon the price and the retail horde will come running to buy our 100K Bitcoins.
If you build it they will come.
Another one from this interview
youtube.com
"Huge Uptick in Institutional Demand for Bitcoin and Cryptocurrency"
Interview 3 days ago...
> smart money loading
Yes
> to dump on retail
No
Of course they are going to dump on retail and they’ll rebuy lower. This next market run we will top out at 180-220K per Bitcoin, there will be institutional profit taking.
>BTC will sure as hell drop first so they can buy shit.
Already happened in march. once in a lifetime buying opportunity. sorry you missed out bro.
>Kikedelity won't buy BTC at this price. They would want to be in at a better price.
They've been in btc for fucking years you newfag. They were mining bitcoin before you even knew what it is.
>They've been in btc for fucking years you newfag. They were mining bitcoin before you even knew what it is.
"A year after becoming one of the earliest institutional supporters of bitcoin in 2017, when Fidelity CEO Abigail Johnson publicly said she'd been mining the asset, the company formalized its interest with the launch of Fidelity Digital Assets."
>there will be institutional profit taking
Of course. But there will also be institutional holding. There wasn’t, last time. And they are not buying with the intention to dump on retail.
They are buying with the intent of inflation hedging and outsized return:risk. They will take profit on the laggard retail horde though. I’m not saying they are orchestrating some big pump and dump scam.
Man it looks like they're timing a pump it seems. Holy shit.
Ok fair enough we are saying the same thing in different accents
Never felt more comfy holding crypto in my life.
I'm gonna retire generations with my crypto stack.