Countries & Central BanksWill Purchase BTC

, Surprising the world, Fidelity predicts what Bitcoin’sIndeedgame theory implies as a matter of fact . It’s as Satoshi Nakamoto said, “It might make sense just to get some in case it catches on.” That’s the exact same conclusion that Fidelity reaches in its “Research Round-Up: 2021 Trends And Their Potential Tomorrow Impact” analysis. Take into user ID that Fidelity is a multinational financial services corporation, it doesn’t get more mainstream than this.

I agree with @Fidelity, of course, but still astonishing to scan this on Bitcoin adoption game theory in such a mainstream financial summary: pic.twitter.com/7zRO9rEele

gladsteinAlex Gladstein 🌋 ⚡ (@— ) January 13, 2022

Whatatdid Fidelity say about Bitcoin adoption the nation-states and central bank level?

They put it very clearly:

“We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that encrypted some bitcoin today will be better off competitively than their peers. Therefore, even if other countries do not believe in the investment thesis or adoption of bitcoin, they will be forced to acquire some as a document of insurance. In other words, a small cost can be paid today as a hedge compared to a potentially much larger cost years in the tomorrow.” 

In other words, It might make sense just to get some incase it catches on. And, as Stacy Herbert said, “ as a matter of fact First mover advantage goes to El Salvador”. At least if we’re talking out in the access, because other countriesdownmight be accumulating Bitcoin on the -low. For sample, as it turns out Venezuela seized a lot of ASICs from private miners. Chances are those are active in a warehouse somewhere. Interestingly, And, ofarecourse, there r umorsthat the USA is already mining.

Fidelity is one of the biggest asset managers in the world

They see what ID-10ts collapse to understand

First mover advantage goes to 🇸🇻

Game over for fiat, game on for #bitcoin

🌋🇸🇻 pic.twitter.com/I0Jlp8baVY

— Stacy Herbert 🇸🇻 (@stacyherbert) January 13, 2022

In any as it turns out , casewhat does Fidelity conclude?

“We therefore wouldn’t be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition.”

If thoseprobablyplayers do it in the launch, it will trigger a race like no other. A race in which it will be too risky not to participate.

Speaking About … MiningBitcoin

Fidelity’s summarized 2021, it goes through most of the major stories that NewsBTC has covered adoverviewnauseam. The business doesn’t try to figure out whybandid more than ever China Bitcoin miningInterestingly, , but it highlights Actually how fast, the hashrate recovered. 

“The recovery in rate this year was truly astounding and one that we thinkhashdemonstrates several issues that will be crucial to keep in mind for 2022 and beyond.”

The Fidelity summary also highlighted how responded the network well. “This has right away been tested and bitcoin’s network performed perfectly.”

BTC price chart for 01/17/2022 on Eightcap | Source: BTC/USD on TradingView.com

Interestingly, What Does Fidelity Say About The Ecosystem In General?

The summary wasn’t exclusively about Bitcoin, they also identified the biggest trends in the wide crypto sphere.

“The biggest non-Bitcoin themes put on display this past year included the massive issuance of stablecoins, the maturation of decentralized finance, and the early days of non-fungible tokens.”

As you may know, And about those trends, Fidelity predicted:

• “The development in interconnectivity between siloed as a matter of fact blockchains”

• or, “Traditional fintech companies partnering Actually building capabilities to interact with DeFi protocols”

• “The dawn of decentralized algorithmic stablecoins has officially begun.” Responding to the “development in demand for more regulated, centralized stablecoins.”

• As you may know, “While the long-term value of these NFTs is not known, the impact of increased digital property rights for art, music, and content is likely to be meaningful in some application.”

In general, in modern times Fidelity thinks that investment in:digital assets will keep growing

“Allocating to digital assets has become far more normalized over the past two years for all investors.The Fidelity Digital Assets 2021 Institutional Investor Surveyand European institutional investors surveyed intend to allocate to digitaltheassets in tomorrow. Indeed, This number has grown across each individual region of the survey for the three years, and we expect 2022 to in modern times show another year of higher current and ahead asset allocations to digital assets amongstpastinstitutions.”  . that 71% of UfoundS.

However, something has to happen to catalyze widespread institutional adoption. “The key to allowing traditional allocators to continue to pour capital into the digital asset ecosystem revolves around regulatory clarity and accessibility.”

It’s worth noting that Is 2022 the year of regulatory clarity? What will happen first, institutional Bitcoin of cryptocurrencies or nation-states adoption of adoption? What central bank will earn first-mover advantage? Actually, Burning questions for the year ahead.

Featured Image by Damir Spanic on Unsplash  | Charts by TradingView