Disclaimer: I am not a financial adviser. This is not a solicitation to buy or sell. Any decision taken on the basis of this article is not my responsibility. Please do your own research. Doing your own research helps you to stay put during tough times, because you are convinced of the long term potential.
Fidelity announced recently that it is moving into cryptocurrencies by opening a crypto-exchange. Now that is massive news as far as acceptance and mainstream adoption is concerned. Fidelity is one of the more traditional money managers in the world. They have been around for decades managing old money. Their advent into cryptocurrencies marks a sea change. This signals a change in perception as far as traditional money management is concerned.
Fidelity is likely to introduce custodian services. Lack of custodian arrangements and fear of hacking was one of the main reasons that huge institutional money has not poured in. This marks the advent of 'traditional' institutional money entering the space.
The world equities market is a little south of $ 100 Trillion dollars. If the crypto market can capture even a 10% asset shift, that is going to send the crypto projectile into space. I believe that the cryptocurrency space is going to absolutely explode in the next 3 to 5 years.
Such opportunities come once in a lifetime. Don't be an onlooker!