www.fidelitydigitalassets.com Open in urlscan Pro
184.86.251.22  Public Scan

Form analysis
0 forms found in the DOM

Text Content

CUSTODY AND TRADING PLATFORM

Visit the Fidelity Digital AssetsSM custody and trading platform to manage your
digital assets.

Go to platform

 


DIGITAL ASSET MANAGEMENT

To view your holdings in one of our investment products, please use the access
details provided to you by your administrator. If you have any questions,
email FidelityBTC@fmr.com.

 

Are you looking for Fidelity Crypto®, Fidelity’s crypto offering for individual
investors? 
Click here.

 


Skip to main content
 * Home
   
 * Services
    * Custody and Trading
    * Asset Management

 * Research
   
 * About Us
    * About Us
    * Newsroom
    * Careers

 * Home
   
 * Services
    * Custody and Trading
    * Asset Management

 * Research
   
 * About Us
    * About Us
    * Newsroom
    * Careers

Sign In Get in Touch
Menu

 * Home
   
 * Services
    * Custody and Trading
    * Asset Management

 * Research
   
 * About Us
    * About Us
    * Newsroom
    * Careers

 * Home
   
 * Services
    * Custody and Trading
    * Asset Management

 * Research
   
 * About Us
    * About Us
    * Newsroom
    * Careers

Sign In Get in Touch

 * Terms of Use
 * Privacy Policy
 * Cookie Policy




Research Study


REVISITING PERSISTENT BITCOIN CRITICISMS

An updated response to common Bitcoin criticisms

by Fidelity Digital Assets


Share:
Download Article
Mobile Opener
Share:
Download Article

November 3, 2023 • 27 min read

In November 2020, we highlighted some of the most common Bitcoin criticisms that
were sourced from our regular conversations with institutional investors and
observation of public commentary on Bitcoin. More than three years later,
Bitcoin not only remains the largest digital asset by market capitalization, but
continues to grow as a monetary network.

In this piece, we address common Bitcoin criticisms and misconceptions—some
legitimate, some debunked. First, we revisit criticisms we’ve covered in 2020,
which have been refuted many times over:

 * Bitcoin is too volatile to be a store of value.
 * Bitcoin has failed as a means of payment.
 * Bitcoin is wasteful and/or bad for the environment.
 * Bitcoin will be replaced by a competitor.
 * Bitcoin is not backed by anything.


The original criticisms above are those we believe can be refuted or are
unlikely to be a serious concern. However, we believe that there are a few
legitimate concerns that have some, even if small, probability of occurring and,
therefore, investors should be aware. These include:

 * A bug in Bitcoin’s code could render it worthless.
 * Regulations will slow Bitcoin adoption.
 * People could lose interest.
 * There are “unknown unknowns."




 Find Out More 

 

The information herein was prepared by Fidelity Digital Asset Services, LLC
(“FDAS LLC”) and Fidelity Digital Assets, Ltd (“FDA LTD”). It is for
informational purposes only and is not intended to constitute a recommendation,
investment advice of any kind, or an offer or the solicitation of an offer to
buy or sell securities or other assets. Please perform your own research and
consult a qualified advisor to see if digital assets are an appropriate
investment option.

Custody and trading of digital assets are provided by Fidelity Digital Asset
Services, LLC, which is chartered as a limited purpose trust company by the New
York State Department of Financial Services to engage in virtual currency
business (NMLS ID 1773897). FDA LTD relies on FDAS LLC for these services. FDA
LTD is registered with the Financial Conduct Authority under the U.K.’s Money
Laundering Regulations. The Financial Ombudsman Service and the Financial
Services Compensation Scheme do not apply to the cryptoasset activities carried
on by FDA LTD.

To the extent this communication constitutes a financial promotion in the U.K.,
it is issued only to, or directed only at, persons who are: (i) investment
professionals within the meaning of Article 19 of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the “FPO”); (ii) high net
worth companies and certain other entities falling within Article 49 of the FPO;
and (iii) any other persons to whom it may lawfully be communicated.

This information is not intended for distribution to, or use by, any person or
entity in any jurisdiction or country where such distribution or use would be
contrary to local law or regulation. Persons accessing this information are
required to inform themselves about and observe such restrictions.

Cryptocurrencies are volatile, highly speculative, and may be subject to market
manipulation and liquidity constraints. Keep in mind that investing involves
risk. The value of your investment will fluctuate over time, and you may gain or
lose money, possibly up to your entire investment.

Cryptocurrencies are not insured by the Federal Deposit Insurance Corporation or
protected by the Securities Investor Protection Corporation (“SIPC”).

FDAS LLC and FDA LTD do not provide tax, legal, investment, or accounting
advice. This material is not intended to provide, and should not be relied on,
for tax, legal, or accounting advice. Tax laws and regulations are complex and
subject to change. You should consult your own tax, legal, and accounting
advisors before engaging in any transaction.

This material may be distributed by the following entities, none of whom offer
direct exposure, clearing or custody of digital assets: Fidelity Distributors
Company LLC, National Financial Services LLC, Fidelity Brokerage Services LLC,
and Fidelity Institutional Wealth Adviser LLC.

Views expressed are as of the date indicated, based on the information available
at that time, and may change based on market or other conditions.

Unless otherwise noted, the opinions provided are those of the speaker or author
and not necessarily those of Fidelity Digital Assets or its affiliates.

Fidelity Digital Assets does not assume any duty to update any of the
information.

Fidelity Digital Assets and the Fidelity Digital Assets logo are service marks
of FMR LLC. 

© 2024 FMR LLC. All rights reserved.



1110227.2.0

Related

RESEARCH STUDY

THE OMNIBUS MODEL FOR CUSTODY

Learn about the origins of the omnibus custody model in traditional finance and
explore how and why digital asset custodians apply the omnibus model to securing
customer assets

BY RIA BHUTORIA
JANUARY 21, 2020 • 14 MIN READ

RESEARCH STUDY

INSTITUTIONAL DIGITAL ASSET SURVEY REPORT

A preview and available download of our survey analysis — “A Review of the
Institutional Investors Digital Assets Study (Phase II)”

BY RIA BHUTORIA
JUNE 15, 2020 • 16 MIN READ

Institutional standard for digital assets



INTERESTED IN FIDELITY DIGITAL ASSETSSM ?

Get in Touch
 * Custody & Trading
 * Asset Management
 * Research
 * About Us
 * Newsroom
 * Careers

LOCATIONS

 * 245 Summer Street,
   Boston, MA 02210
 * 1 St. Martin's Le Grand,
   London, England, EC1A 4AS

 * Terms of Use
 * Privacy Policy
 * Cookie Policy


Digital assets are speculative and highly volatile, can become illiquid at any
time, and are for investors with a high-risk tolerance. Investors in digital
assets could lose the entire value of their investment.

Only certain Fidelity Digital Assets related entities are regulated. FD Funds
Management, LLC (FDF), a Delaware limited liability company, provides digital
asset management services. FDF is not currently overseen by a regulator.

Custody and trading of digital assets are provided by Fidelity Digital Asset
Services, LLC, which is chartered as a limited purpose trust company by the New
York State Department of Financial Services to engage in virtual currency
business (NMLS ID 1773897) ("FDAS LLC"). Fidelity Digital Assets, Ltd. ("FDA
LTD") relies on FDAS LLC for these services. FDA LTD is registered with the
Financial Conduct Authority under the U.K.’s Money Laundering Regulations. The
Financial Ombudsman Service and the Financial Services Compensation Scheme do
not apply to the cryptoasset activities carried on by FDA LTD.


To the extent this communication constitutes a financial promotion in the U.K.,
it is issued only to, or directed only at, persons who are: (i) investment
professionals within the meaning of Article 19 of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO"); (ii) high net
worth companies and certain other entities falling within Article 49 of the FPO;
and (iii) any other persons to whom it may lawfully be communicated. 

Fidelity Charitable is the brand name for the Fidelity Investments® Charitable
Gift Fund, an independent public charity with a donor-advised fund program.
Fidelity Charitable is a registered service mark of FMR LLC, used by Fidelity
Charitable under license.

The description of the audits and reports pertain to products and services of
FDAS LLC.

Fidelity Digital Assets and the Fidelity Digital Assets logo are service marks
of FMR LLC. © 2024 FMR LLC. All rights reserved. 1030309.5.0






COOKIES ON THIS WEBSITE

We use cookies on this site to operate the site, improve your experience,
enhance site navigation, analyze site usage, and assist in our marketing
efforts. By clicking “Accept All”, you agree that we and our service providers
may store and access cookies on your device. You can read more about cookies in
our Cookie Policy and you can change your preferences at any time by accessing
the Cookie Settings Tool.
Accept AllReject AllCustomize



CUSTOMIZE COOKIE SETTINGS

When you visit our website, it may store or retrieve information on your
browser, mostly in the form of cookies. Because we respect your right to
privacy, you can choose not to allow some types of cookies. Click on the
different category headings to find out more and change our default settings.
However, blocking some types of cookies may impact your experience on this site
and the services we are able to offer.
Review Cookie Policy

STRICTLY NECESSARY COOKIES

Always ON

These cookies are necessary for this website to function and cannot be switched
off in our systems. You can set your browser to block or alert you about these
cookies, but if you block these cookies, some parts of the site will not work.
These cookies do not store any personally identifiable information.

Cookies Details‎

PERFORMANCE COOKIES

OFF Performance Cookies

These cookies help us improve the performance of our website by collecting and
reporting information on how you use it. For example, these cookies allow us to
count visits and traffic sources, identify which pages are the most and least
popular, and how visitors move around our website. All information from these
cookies may be aggregated and used on an anonymous basis.

Cookies Details‎

FUNCTIONAL COOKIES

OFF Functional Cookies

These cookies enable us to provide you with enhanced functionality and to
personalize your experience on this website. For example, these cookies help us
to remember your preferences and to personalize content based on your use of our
website. If you do not allow these cookies then some or all of these features
may not function properly.

Cookies Details‎

TARGETING OR ADVERTISING COOKIES

OFF Targeting or Advertising Cookies

These cookies help us present relevant online advertising and marketing messages
to you, and measure the effectiveness of our advertising and marketing
campaigns. These cookies may be placed on your device by us or by our
third-party advertising providers. When these cookies have been placed on your
device, they can be recognized by certain advertising platforms used by other
websites you visit, and this allows us to present our advertisements to you on
those third party websites. While targeting cookies can identify you when you
visit different websites, the information collected is anonymous. They do not
store personal information, but are based on uniquely identifying your browser
and device. If you do not allow these cookies, our online advertisements that
you see may be less relevant to you.

Cookies Details‎
Back Button


COOKIE LIST



Search Icon
Filter Icon

Clear
checkbox label label
Apply Cancel
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label

Save