we all know about the Fidelity investment it is a huge company who owns billions of dollars and they announced last year in October that they are going to make a cryptocurrency based Fidelity Digital Asset Services in the past few months they were making arrangements about Bitcoin custody launch and they did it.
Tom Jessop, head of Fidelity Digital Assets told CNBC at the DC Blockchain Summit this week. “If you started a crypto fund at the height of the market you’re probably hurting right now.”
This recent update doesn't have any effect on cryptocurrency prices so far but thing is they have clients who owns billions of dollars and this is the right moment to buy cryptocurrency and eventually they are going to make portfolio of different coins and Bitcoin for their customers and let's see how fidelity play their role in this cryptocurrency space.