Fidelity Investments Views Bitcoin as a Superior Form of Money
<p>Fidelity Digital Assets, a subsidiary of Fidelity Investments, published a report which addresses concerns related to Bitcoin, such as whether the cryptocurrency may be vulnerable to innovative destruction from competitors or whether its potential reward or upside is the same as some of the newer and smaller digital assets.</p>
<p>The report views Bitcoin as “a Superior Form of Money”, stating that investors typically use a technology investing framework to bitcoin, concluding that bitcoin as a first-mover technology will easily be replaced by a superior competitor. According to the report, Bitcoin is probably the best-equipped crypto to fulfill the role of the ecosystem’s non-sovereign monetary good with relatively less competition than others attempting to attain alternative use cases. Furthermore, Bitcoin appears as a prime candidate to be one of, or perhaps even the sole winner, given that it is arguably the most decentralized and immutable blockchain in existence.</p>

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