Fidelity Digital Assets (FDA) quotations Satoshi Nakamoto in its most recent investment thesis document.
The thesis is part of a series of reports analyzing the viewpoints driving investment and interest in bitcoin.
FDA is connected with Fidelity through parent firm Fidelity Management & Research (FMR). Among the largest financial services companies in the world, Fidelity has an estimated $7 billion worth of assets under management (AUM).
Commenting on its own findings, FDA states it’s discovered that traders see bitcoin within an aspirational shop of value while also noting the limited understanding concerning exactly the same by analysts.
Also, FDA finds the present investor “rationale for establishing exposure now” is premised on a belief which bitcoin “will be a much larger market if it is widely used as a store of value in the future.”
This optimistic investor understanding matches nicely with a famed Satoshi’s quotation that FDA includes in this bitcoin investment thesis. Satoshi composed:
It could make sense simply to find some if it catches on. If enough men and women think exactly the identical manner, that becomes a self-fulfilling prophecy.
Present investors at bitcoin are optimistic the coin will finally attain the purpose of being a shop of value despite current volatility issues.
Since the investment thesis farther clarifies, as time passes, “volatility should continue to decline relative to current levels as narratives converge.”
Meanwhile, investors interviewed by FDA as a part of the thesis consider another wave of adoption and consciousness might be driven by external factors, such as unprecedented levels of intervention by central banks and governments.
Longer-term tailwinds which may fuel adoption comprise the usage of bitcoin to conserve wealth amid “slow and steady” inflation and also the “looming generational wealth transfer to millennials, who view bitcoin more favourably than other demographics.”
How important is that the reference Satoshi by Fidelity Digital Assets? Share your ideas within the comments section below.
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