Tagfidelity

Stock Market Could Rage Higher For Another 8 Years, Fidelity Strategist Claims

US stock market, stock market, stock

The stock market’s unstoppable bull run could keep forging new highs for another eight years. That’s according to Fidelity’s director of global macro, Jurrien Timmer. After breaking new record territory last week, Timmer believes the S&P 500 and Dow Jones are in a bullish super-cycle. And they’re not overcooked yet. If he’s right, any downturns are just temporary corrections until the over...

Billion Dollar Brokerage Giant TP ICAP Opens Bitcoin Trading

Bitcoin

By CCN Markets: TP ICAP, the world’s largest global inter-dealer broker, with a $2 billion market capitalization, is opening its doors to bitcoin trading.  In yet another example of institutional crypto appetite, the London firm will execute bitcoin futures trades on behalf of its clients. In an interview with Bloomberg, Simon Forster, who will help run the new initiative out of London, said: “We...

Crypto Bull Brian Kelly: Bitcoin Miners are Hoarding, Demand Is Rising

bitcoin miner

By CCN: Now that the bitcoin price is holding at the $8,000 level, investors are anxiously awaiting what comes next. Bitcoin's value has expanded by 50% over the last 30 days, but the bulls are currently taking a breather and momentum appears to have stalled. Crypto fund manager Brian Kelly on CNBC provided some anecdotal evidence that the bitcoin price is only getting started, not the least of...

Fidelity Crypto Trading Creates 'Best News' Scenario for Surging Bitcoin Price

cboe, bitcoin price

By CCN: Fidelity, one of the world’s largest investment firms with almost $7 billion customer assets, will reportedly launch a cryptocurrency trading platform “within weeks.” The bitcoin trading service is aimed at institutional investors and will come complete with high-grade custody. Bloomberg's Matthew Leising said the move is the “best news” for the price of cryptocurrencies, which this...

$7 Trillion Asset Giant Fidelity to Launch Crypto Trading 'Within Weeks': Report

Bitcoin, crypto, Fidelity

Wall Street has arrived in the cryptocurrency arena. Fidelity Investments, one of the biggest asset managers on the planet, will launch a crypto trading service “within weeks” according to a Bloomberg report. Fidelity says its cryptocurrency trading product is aimed at institutional traders and will initially focus on bitcoin. Fidelity spokesperson Arlene Roberts said: “We currently have a select...

Bearish on Bitcoin? This Fidelity Research Will Turn You Into a Raging Bull

bitcoin bull

By CCN: Fidelity Digital Assets, a subsidiary of the world’s fourth-largest asset manager with $2.46 trillion in assets under management, said in a research paper that institutional investments in bitcoin and other crypto assets are likely to increase over the next five years. The research read: "Nearly half of respondents (47%) appreciate that digital assets are an innovative technology play...

Here's What Will Trigger the Next Mammoth Bitcoin Rally

bitcoin crypto moon

By CCN: According to a new survey conducted by a gold investment research firm, most retirees in the U.S. are aware of bitcoin and cryptocurrencies but are not interested in investing in the asset class. More than 56 percent of respondents said that they are aware of the existence of bitcoin but have not considered investing in it, and 32.9 percent have said that they are not aware of the asset...

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