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Even Fidelity themselves said that “Bitcoin‘s monetary policy is not dependent on politics or external economic factors“. Seems like they do actually get what what Crypto is about.

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by COINS NEWS 94 Views

Even Fidelity themselves said that “Bitcoin‘s monetary policy is not dependent on politics or external economic factors“. Seems like they do actually get what what Crypto is about.

When we talk about those big financial institutions and massive conglomerates of interests, we usually think that they are very stubborn and rigid. Because there is absolutely no incentive for them to learn about a a new and volatile asset-class like Crypto, while they already have trillions in their value. But it seems like we were wrong, as the power of money and greed is just way more powerful at the end. They can‘t have enough and now also want Crypto.

We saw that with the many ETF filings, but we also saw that with a recent report by Fidelity, the third biggest asset manager with nearly $4T in value. In that report they basically discussed the Bitcoin Halvings and were fascinated over how the Bitcoin monetary policy is “set in code and unliked to ever change“. Which is 100% true as the underlying code of Bitcoin will forever stay no matter what happens.

Excerpt from Fidelity report

Through that they came to the powerful conclusion that “Bitcoins monetary policy is not dependent on or impacted by politics or external economic factors“, if we think about that it is absolutely true. You can not change the code and no matter what happens in the world Bitcoin will just keep mining its next block and keep having a Halving every 4 years. Seems like they do actually understand Bitcoin and Crypto after all and that makes me speculate that maybe there are at least a few that actively know how much superior BTC is to the fiat system.

Response of Kraken on that report on Twitter

Even our almighty Kraken Exchange seems to be agreeing to that.

submitted by /u/partymsl
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