The cryptocurrency crashes during 2018 caused some observers to predict their imminent demise. However, Fidelity Investments’ recent creation of a cryptocurrency custody unit certainly reflects credible interest in digital assets among at least some pension funds and traditional asset managers. With apologies to Mark Twain, then, the report of crypto’s death was “an exaggeration.”
If digital currencies have proved somewhat resilient, how much greater reason to believe in the longevity and latent power of the underlying set of technologies: blockchain.
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