Financial services giant Fidelity has addressed nine common Bitcoin criticisms and misconceptions, emphasizing that some of them are “either unfounded or unlikely to be a serious concern.” They include volatility, suitability as a payment method, environmental impact, competition, lack of backing, potential code bugs, regulatory hurdles, waning public interest, and unknown unknowns. Fidelity Responds to 9 Bitcoin Criticisms Fidelity Digital Assets, a subsidiary of financial services giant Fidelity Investments, published a research study last week titled “Revisiting Persistent Bitcoin Criticisms.” In its 13-page document, Fidelity addressed nine Bitcoin criticisms and misconceptions, including updates on five that it previously addressed in November 2020. The firm revealed that the criticisms were sourced from its “regular conversations with institutional investors and observation of public commentary on Bitcoin,” adding that the responses outlined in the study “may be adapted to
Official Bitcoin Latest News Blog 🗞️