Summary: I was probably one of the many people who didn't realize that Fidelity had such a long and intricate history with cryptocurrency. Cryptocurrency in many ways is the wild wild west, an immature market that is developing right in front of our eyes. Jamie Dimon called it tulip bubbles, but Abby Johnson was blazing crypt trails. Cryptocurrency has gone up, crashed, gone up again, and crashed many times. It will make new billionaires, and break many investors as well. But along the way, it will teach us many things.

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter4: Ethical Responsibilities Of Accountants
Section4.8: Dell Inc.
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Why did Fidelity lose many of its earliest crypto employees?
What is a major reason that Fidelity did not become the dominant force in crypto
like Coinbase?
Fidelity is currently trying to launch the first exchange-traded fund that holds actual
bitcoin. Why would this be such an important innovation for the cryptocurrency
market?
Transcribed Image Text:Why did Fidelity lose many of its earliest crypto employees? What is a major reason that Fidelity did not become the dominant force in crypto like Coinbase? Fidelity is currently trying to launch the first exchange-traded fund that holds actual bitcoin. Why would this be such an important innovation for the cryptocurrency market?
The 'Fidelity Mafia' Behind Big Crypto
Summary: I was probably one of the many people who didn't realize that Fidelity
had such a long and intricate history with cryptocurrency. Cryptocurrency in many
ways is the wild wild west, an immature market that is developing right in front of
our eyes. Jamie Dimon called it tulip bubbles, but Abby Johnson was blazing crypto
trails. Cryptocurrency has gone up, crashed, gone up again, and crashed many
times. It will make new billionaires, and break many investors as well. But along the
way, it will teach us many things.
Transcribed Image Text:The 'Fidelity Mafia' Behind Big Crypto Summary: I was probably one of the many people who didn't realize that Fidelity had such a long and intricate history with cryptocurrency. Cryptocurrency in many ways is the wild wild west, an immature market that is developing right in front of our eyes. Jamie Dimon called it tulip bubbles, but Abby Johnson was blazing crypto trails. Cryptocurrency has gone up, crashed, gone up again, and crashed many times. It will make new billionaires, and break many investors as well. But along the way, it will teach us many things.
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