RATE Group | CNBC’s Brian Kelly: Cryptocurrency Market To See “Institutional Herd” Arrive By Q1 2019
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CNBC’s Brian Kelly: Cryptocurrency Market To See “Institutional Herd” Arrive By Q1 2019

21 Oct CNBC’s Brian Kelly: Cryptocurrency Market To See “Institutional Herd” Arrive By Q1 2019

Posted at 03:23h in Cryptocurrency News by

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Fidelity’s Foray Into The Cryptocurrency World Is “Fantastic News”

Since 2017 breathed its last breaths, Brian Kelly, the CEO of BKCM and an active CNBC commentator, analyst, and contributor, has been (arguably overly) bullish on the crypto industry, blockchain space, and digital asset market. While the current bearish market conditions have slightly deterred his outspoken advocacy for crypto assets, he recently took to CNBC’s “Power Lunch” segment to talk about this nascent industry for the umpteenth time.

Commencing his time on Power Lunch, Kelly brought up the topic of Fidelity Digital Asset Services (FDAS), the financial institution’s crypto-centric subsidiary, noting that the establishment of this separate firm should be regarded as “fantastic news.”

For those who are unaware, the cryptocurrency community was floored earlier this week, as Boston-based Fidelity Investments made its first meaningful foray into this budding industry by revealing plans to…

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