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Fidelity Investments applies its proven Peter Jubber to its unproven bitcoin unit and its launch of Fidelity Digital Funds signals it's all in on blockchain currency

By launching Fidelity Digital Funds under an 18-year seasoned exec, the Boston giant is signalling no let-up by putting something scarcer than capital into the crypto-pot -- its seasoned talent

Author Oisin Breen September 9, 2020 at 2:20 AM
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Peter Jubber: Every incumbent should be spending time and money on this topic to understand it, at least to understand the threat.

Brian Murphy

Brian Murphy

September 9, 2020 — 6:08 AM
Blockchain technologies will become a pillar of all financial transactions - over time. Fidelity is taking the bull by the horns and focusing its initial efforts on getting the Bitcoin use-case down cold, before extending to other cryptos and that's the right way to do it. Think Amazon and books. The imaginative out there will be those who understand the protocols well-enough to cobble together exciting new use cases for crypto (and blockchain more generally), that solve real-world problems and explicitly lower costs. Look no further than tontines as an open opportunity. Rules/laws will get changed to accommodate truly better products.
Jackie Anthony Sunseri

Jackie Anthony Sunseri

December 1, 2020 — 12:48 AM
Jackie Anthony Sunseri 1188 Court St. Elko, Nevada 89801 Sun Valley Cattle Ranch. How can we buy feed and cattle with bitcoins?
Brian Murphy

Brian Murphy

December 1, 2020 — 3:21 AM
Go to CME homepage...open an account. Let's assume you have 5 bitcoins you'd like to use to buy cattle. Enter into 1 short BTC futures contract (selling BTC) for February delivery. Next enter into 2 long contracts for live cattle, February delivery. You've just locked in your purchase of cattle for February delivery using bitcoin - simple, huh?
Thomas Arvanites

Thomas Arvanites

December 17, 2020 — 4:38 PM
How can I invest in Bitcoin fund and what is minimum investment?
Brian Murphy

Brian Murphy

December 17, 2020 — 8:16 PM
@Thomas - you can either open up an account with a digital asset custodian, like Coinbase, Robinhood or Square's Cash App and purchase digital currencies directly (BTC, ETH, LTC, and lots of others) or invest in a publicly traded entity that holds digital currencies directly. If you open an account on a brokerage or use the Cash App you should be able to make purchases in as small of increments as you'd like...easily $25 or less. If you are attempting to invest on behalf of others, the proxy assets are probably your best bets at present - although they all trade at premiums to the value of the coins they hold. Two securities that trade on the exchanges that do this are GBTC (Grayscale Bitcoin Trust) and MSTR (Microstrategy). Research each before committing as these premiums could easily change into discounts without notice...implying a large capital loss just due to fluctuations around the intrinsic value of the entity itself. The above is not meant to be investment advice. I'm simply laying out the options I know of for those who have an interest. Do your own due diligence.

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