Fidelity describes Bitcoin as an aspirational store of value

Fidelity describes Bitcoin as an aspirational store of value

By Permabull | Permabull | 31 Jul 2020


Fidelity Digital Assets (FDAS), part of Fidelity Investments, one of the world's largest financial services providers describes Bitcoin as an aspirational store of value. The thesis which is aimed at giving their investors a better understanding of Bitcoin as an investment.

The report is pointing out that Bitcoin is still young and has a long way ahead. It means we all are still really early (adopters) and we will see all Bitcoin's potential in the years ahead.

The report also mentioned that Bitcoin's Market Value (marketcap) is only 25% of Facebook or less than 2% of Gold. Giving the reader an idea how far the price of each coin can go. Yep, to reach Gold's marketcap, each Bitcoin will cost more than $500,000.

The author also explained Stock to Flow model and linked to PlanB's medium blog where he's presenting the famous SF chart:

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Incredible read, I'm sure the investors will consider to jump on the spaceship before the take off. The rest will be quite late, giving the ship so much extra fuel just before average Joe's decide to jump in too - as it already happened in 2013 & 2017 (both times about one year after the halving). Yep, the third halving was just couple of months ago so they still have a bit of time to spare before the big FOMO. Hope you all have already your space suits on and making lots of popcorn for the show. To da moon!

 

Resources:

https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitinvthessisstoreofvalue.pdf

https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

 

 

 

 

 


Permabull
Permabull

Saw crypto as a way to make some cash. Learned about the tech and will stay in forever.


Permabull
Permabull

Born to be bull.

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