{"id":502046,"date":"2022-10-19T13:30:16","date_gmt":"2022-10-19T10:30:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-fidelity-report-flags-stark-contrast-between-bitcoin-and-fiat-currencies\/"},"modified":"2022-10-19T13:30:16","modified_gmt":"2022-10-19T10:30:16","slug":"new-fidelity-report-flags-stark-contrast-between-bitcoin-and-fiat-currencies","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-fidelity-report-flags-stark-contrast-between-bitcoin-and-fiat-currencies\/","title":{"rendered":"# New Fidelity report flags \u2018stark contrast\u2019 between Bitcoin and fiat currencies"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d27ac831cd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d27ac831cd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/new-fidelity-report-flags-stark-contrast-between-bitcoin-and-fiat-currencies\/#%E2%80%9D_New_Fidelity_report_flags_%E2%80%98stark_contrast_between_Bitcoin_and_fiat_currencies_%E2%80%9C\" >&#8221; New Fidelity report flags \u2018stark contrast\u2019 between Bitcoin and fiat currencies &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/new-fidelity-report-flags-stark-contrast-between-bitcoin-and-fiat-currencies\/#Bitcoin_%E2%80%9Cdoes_not_correspond_to_another_persons_liability_%E2%80%9D_Report\" >Bitcoin \u201cdoes not correspond to another person\u2019s liability:\u201d Report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/new-fidelity-report-flags-stark-contrast-between-bitcoin-and-fiat-currencies\/#Volatility_remains_crypto-sector_base_case\" >Volatility remains crypto-sector base case<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_New_Fidelity_report_flags_%E2%80%98stark_contrast_between_Bitcoin_and_fiat_currencies_%E2%80%9C\"><\/span>&#8221; New Fidelity report flags \u2018stark contrast\u2019 between Bitcoin and fiat currencies &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4b69a2fe>Bitcoin\u2019s (BTC) future may \u201cstand in stark contrast to the rest of the world,\u201d asset manager Fidelity Investments predicts.<\/p>\n<p>In a recent research piece, \u201cThe Rising Dollar and Bitcoin,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fidelitydigitalassets.com\/research-and-insights\/rising-dollar-and-bitcoin\">released<\/a> Oct. 10, Fidelity Digital Assets, the firm\u2019s crypto subsidiary, drew a line between Bitcoin and other currencies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_%E2%80%9Cdoes_not_correspond_to_another_persons_liability_%E2%80%9D_Report\"><\/span>Bitcoin \u201cdoes not correspond to another person\u2019s liability:\u201d Report<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While hardly a stranger to bullish takes on Bitcoin, Fidelity continues to publicly reiterate its faith in the largest cryptocurrency despite the near year-long bear market.<\/p>\n<p>In the report, analysts stated just how far Bitcoin as an asset has diverged from what is currently considered the norm. In the new high-inflation environment, Bitcoin\u2019s fixed issuance and supply are of particular importance.<\/p>\n<p>\u201cTherefore, bitcoin may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take \u2013 namely the path of increased supply, additional currency creation, and central bank balance sheet expansion,\u201d they explained.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin price \u2018easily\u2019 due to hit $2M in six years \u2014 Larry Lepard<\/em><\/strong><\/p>\n<p>While the report\u2019s title places influence on the strength of the United States dollar relative to other world currencies, it was the crisis in the British pound that Fidelity highlighted as the kind of event impossible on a Bitcoin standard.<\/p>\n<p>Summing up, the firm forecast that \u201cmore monetary debasement may be needed to alleviate the high debt load among developed economies, while recent events in the United Kingdom have shown counterparty and liability risks in the system, making monetary intervention and doses of liquidity features that are not likely to go away any time soon.\u201d <\/p>\n<p>\u201cComparatively, bitcoin remains one of the few assets that does not correspond to another person\u2019s liability, has no counterparty risk, and has a supply schedule that cannot be changed,\u201d it concluded:<\/p>\n<blockquote><p>\u201cWhether those properties begin to look more attractive is ultimately up to investors and the market to decide.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-10\/b077eb25-4fb5-45d3-82bd-07c6f48e9722.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin monthly returns chart (screenshot). Source: Coinglass<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Volatility_remains_crypto-sector_base_case\"><\/span>Volatility remains crypto-sector base case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Elsewhere, Fidelity\u2019s optimistic take on the current state of the Bitcoin network itself diverges from the nervousness of its crypto-sector peers.<\/p>\n<p>The firm\u2019s round-up of research for the month of October <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fidelitydigitalassets.com\/research-and-insights\/research-round-october\">pointed<\/a> to the BTC illiquid supply hitting a ten-year record, as well as surging network fundamentals.<\/p>\n<p>As Cointelegraph reported, meanwhile, in its latest weekly <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter, \u201cThe Week On-Chain,\u201d on-chain analytics firm Glassnode <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-42-2022\/\">concluded<\/a> that volatility would be likely what characterized Bitcoin going forward.<\/p>\n<p>\u201cThe Bitcoin market is primed for volatility, with both realized and options implied volatility falling to historical lows. On-chain spending behavior is compressing into a decision point, where spot prices intersect with the Short-Term Holder cost basis,\u201d it concluded, summarizing the data points covered.<\/p>\n<p>More widely, traders are preparing for a violent exit of Bitcoin\u2019s narrow trading range within weeks.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/new-fidelity-report-flags-stark-contrast-between-bitcoin-and-fiat-currencies\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; New Fidelity report flags \u2018stark contrast\u2019 between Bitcoin and fiat currencies &#8220; Bitcoin\u2019s (BTC) future may \u201cstand in stark contrast to the rest of the world,\u201d asset manager Fidelity Investments predicts. In a recent research piece, \u201cThe Rising Dollar and Bitcoin,\u201d released Oct. 10, Fidelity Digital Assets, the firm\u2019s crypto subsidiary, drew a line&#8230;<\/p>\n","protected":false},"author":1,"featured_media":502047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvZTEyY2QxZjItNjA0OS00OGRlLTk5MjItMmYwODgyNDRkZDEwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,76153,75582,73785],"class_list":["post-502046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-dollar","tag-fiat-money","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=502046"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/502047"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=502046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=502046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=502046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}