Bitcoin has been wildly popular in 2020. High-profile players, like billionaire hedge fund founder Paul Tudor Jones, are investing in bitcoin.
A Fidelity press release recently called Bitcoin an “aspirational store of value.” The belief is that the fund will appeal to most institutional investors.
In June, Fidelity issued a press release that published the results of a bitcoin survey. With 800 institutional investors responded from the U.S. and Europe, finding that 36% were already investing in digital assets, while 60% said digital assets had a place in their portfolio.
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