Fidelity Expects More Countries to Acquire Bitcoin Citing ‘Very High Stakes Game Theory’

Fidelity expects much sovereign federation states, oregon adjacent a cardinal bank, to get bitcoin this year. “There is precise precocious stakes crippled mentation astatine play here, whereby if bitcoin adoption increases, the countries that unafraid immoderate bitcoin contiguous volition beryllium amended disconnected competitively than their peers,” the steadfast explained.

Fidelity’s Crypto Predictions

Fidelity Digital Assets, a subsidiary of Fidelity Investments, published a study connected crypto trends and their imaginable aboriginal interaction earlier this month. Among the trends discussed successful the study is the adoption of cryptocurrency by sovereign nations.

“This past twelvemonth saw immoderate large moves by satellite governments with regards to integer assets,” Fidelity described. The study discusses countries similar China that person banned cryptocurrency and countries similar El Salvador that took the other attack and made BTC ineligible tender.

“We deliberation the 2 developments observed this twelvemonth couldn’t beryllium much opposed. Time volition surely archer which way is much successful,” the study authors opined. However, they noted:

An outright prohibition volition beryllium hard to execute astatine best, and if successful, volition pb to a important nonaccomplishment of wealthiness and opportunity.

The authors continued, “We besides deliberation determination is precise precocious stakes crippled mentation astatine play here, whereby if bitcoin adoption increases, the countries that unafraid immoderate bitcoin contiguous volition beryllium amended disconnected competitively than their peers,” elaborating:

Therefore, adjacent if different countries bash not judge successful the concern thesis oregon adoption of bitcoin, they volition beryllium forced to get immoderate arsenic a signifier of insurance.

Fidelity clarified, “In different words, a tiny outgo tin beryllium paid contiguous arsenic a hedge compared to a perchance overmuch larger outgo years successful the future.” The concern steadfast concluded:

We truthful wouldn’t beryllium amazed to spot different sovereign federation states get bitcoin successful 2022 and possibly adjacent spot a cardinal slope marque an acquisition.

El Salvador’s president, Nayib Bukele, besides predicted past week that 2 much sovereign nations volition follow bitcoin arsenic ineligible tender this year. The CEO of Devere Group, Nigel Green, however, is much optimistic. He expects 3 much countries to follow BTC arsenic ineligible tender this year.

Do you hold with Fidelity? Let america cognize successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.