This Trillion-Dollar Asset Manager Just Delved Deeper Into Bitcoin & Crypto

While Bitcoin and crypto is largely a movement to disempower institutions and to put power back in the hands of regular people, there has been a space-wide focus on getting institutions involved in this industry.

The thesis with this antithetical move is that institutional involvement in cryptocurrency: the world’s biggest firms and investors dabbling in the industry should draw in a large amount of human and financial capital, catalyzing innovation, creating a cycle of capital inflows and innovation.

For those that believe this cycle is necessary, congrats, news has just revealed that one of Wall Street’s most powerful firms is delving even deeper into Bitcoin and crypto.

Bitcoin-Loving Fidelity Takes Stake in Crypto Exchange

For years now, Fidelity Investments — an American multinational financial services corporation based in Boston that has over $2 trillion worth of assets under management — has been dabbling in Bitcoin.

Not all its efforts…