‘We’ve reached a tipping point’ on bitcoin adoption, Fidelity’s Tom Jessop says – MarketWatch

‘We’ve reached a tipping point’ on bitcoin adoption, Fidelity’s Tom Jessop says – MarketWatch

Tom Jessop, head of Fidelity Digital Assets at Fidelity Investments, says that the maturation and adoption of digital assets as a class of investments will continue at a rapid pace in coming years, signaling that crypto may have turned a corner in traditional finance circles.

“I think we continue to see adoption at an accelerated pace for a host of reasons,” he said Wednesday afternoon during an interview at MarketWatch and Barron’s “Investing in Crypto” virtual event series.

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Jessop said that a backdrop of ultralow interest rates and an environment that has been stimulated by easy-money policies has helped to drive momentum into bitcoin BTCUSD, +1.31% and other assets, which are increasingly being seen as alternatives to assets that are considered richly priced by some measure and bonds that are offering meager yields.

The S&P 500 index SPX, +0.77% booked its 18th record closing
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