Fidelity expects more countries to buy Bitcoin, citing the very high stakes game theory - featured
Fidelity expects more countries to buy Bitcoin, citing the very high stakes game theory - featured
Fidelity expects more confident nation states or even a central bank of Bitcoin this year. "Here is a game theory with very high missions that the countries that secure some Bitcoin today will be better in the competition than their competitors when the Bitcoin acceptance increases," said the company.
crypto forecasts from fidelity
fidelity Digital Assets, a subsidiary of Fidelity Investments, published a report on crypto trends and its possible future effects in the early this month. One of the trends discussed in the report includes the introduction of cryptocurrencies through sovereign nations.
"Last year there were some important steps in the world's governments in terms of digital assets," Fidelity described. The report discusses countries such as China that have banned cryptocurrencies, and countries like El Salvador that have chosen the opposite approach bitcoin Means of payment.
"We believe that the two developments observed this year could not be more opposite. Time will certainly show which way is more successful," said the authors of the report. However, they found:
A complete ban will at best be difficult to achieve and, if successful, lead to a significant loss of assets and possibilities.
The authors continued: "We also believe that game theory is with very high missions that the countries that secure some Bitcoin today will be better in the competition than their competitors when the Bitcoin acceptance increases" and explained:
Even if other countries do not believe in the investment thesis or the introduction of Bitcoin, they will therefore be forced to acquire something as a form of insurance.
fidelity made it clear: "In other words, as protection, low costs can be paid for today compared to potentially much larger costs in years in the future." The securities company came to the conclusion:
We would therefore not be surprised if other sovereign nation states would acquire Bitcoin in 2022 and maybe even make a takeover.
The President of El Salvador, Nayib Bukele, also predicted last week that two other sovereign nations will introduce Bitcoin as a legal means of payment this year. The CEO of the Devere Group, Nigel Green, is more optimistic. With the takeover by three other countries Bitcoin as a legal means of payment this year.
Do you agree to Fidelity? Let us know in the comment area below.
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