Crypto Investor Reveals Fidelity Has Hundreds “Passionate” About Bitcoin

Crypto Investor Reveals Fidelity Has Hundreds “Passionate” About Bitcoin

03/28/19 1:27 AM 2019-03-28 01:27:24
As much as cynics like to say crypto is dead, this may not exactly be the case. Rumor has it that in spite of the crash in the Bitcoin price, interest in this nascent asset class and related technolog

As much as cynics like to say crypto is dead, this may not exactly be the case. Rumor has it that in spite of the crash in the Bitcoin price, interest in this nascent asset class and related technologies is abound. A recent tweet from a leading industry investor, who likely cited his first-hand experience, would confirm this trend.

Fidelity’s Crypto Culture Is “Bonkers”

Ari Paul, the founder & chief investment officer of BlockTower Capital, claims that Fidelity Investments, a Boston-based financial services giant, has a cryptocurrency culture that is “bonkers.” The investor remarks that there are “hundreds of passionate advocates” of the innovation from the C-Suite to the lower rungs of the executive ladder, accentuating that Wall Street sees value in this ecosystem. In fact, Paul states that in 2015, the chief executive of the institution herself, the esteemed Abigail Johnson, was personally mining Bitcoin, right in her lofty office. He adds that there are more crypto-focused staffers at Fidelity than the “five biggest industry funds combined.”

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