Fidelity, The Trillion-Dollar Asset Giant addresses Bitcoin FUD

In this piece, we review and respond to criticisms and misconceptions that continue to come up in our conversations. The criticisms outlined below have been addressed many times over, but we wanted to share an updated response given the increase in attention on Bitcoin.

Specifically:

1. Bitcoin is too volatile to be a store of value.
2. Bitcoin has failed as a means of payment.
3. Bitcoin is wasteful.
4. Bitcoin is used for illicit activity.
5. Bitcoin is not backed by anything.
6. Bitcoin will be replaced by a competitor.

https://www.fidelitydigitalassets.com/articles/addressing-bitcoin-criticisms?ccmedia=owned&amp%3Bccchannel=social&amp%3Bcccampaign=bitcoin_myth_blog&amp%3Bcctactics=Twitterr&ccsource=linkedin_share

*not working for Fidelity, just wanted to share!

*there are a lot of salty butcoiners in the comments spreading FUD, saying it's not the same company, it is:

Fidelity Investments Inc., commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR: In October 2019, the company launched Fidelity Digital Asset Services, which will handle cryptocurrency custody and trade execution for institutional investors.

Pathetic salty butcoiners spreading FUD unfortunately..

Credit and source u/Limburg3rt