The Fidelity fund indicated that bitcoin will continue to grow and maintain its importance

Fidelity Investments, one of the largest investment funds in the world, has Fidelity Digital Assets, a division focused exclusively on cryptocurrencies that recently published a report talking about the future of bitcoin and the entire mining ecosystem.

The main conclusion of the report is that all this new field it will continue to grow and be relevant in the future, and proof of this are the plans that the main bitcoin miners in the world have.

“As Bitcoin miners have the greatest financial incentive to make the best guess as to the adoption and value of BTC, the current Bitcoin cycle is far from over and these miners are making long-term investments.”Fidelity detailed.

In addition, the financial entity reports that the recovery of the hash rate during the past year “it was really amazing”, which showed that cryptocurrency miners are focused on being profitable at long term.

On the other hand, reference was also made to the accumulation of bitcoins by entire countries and major participants in the financial industry.

In this line, it was explained: “There is a high-stakes game theory at play here, whereby if Bitcoin adoption increases, countries that secure some Bitcoin today will be in a better competitive position than their peers. Therefore, we would not be surprised to see other sovereign nation-states buy Bitcoin in 2022 and perhaps even see a central bank make a purchase.”

As can be seen, Fidelity Investments is optimistic about the bitcoin future and the rest of the cryptocurrencies, which shows where the whole sector can go and how much it can grow.


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