Professional Documents
Culture Documents
14037 59 1:58
Why Bitcoin still has huge upside potential | Fidelity researcher explains
Chris Kuiper, Head of Research at Fidelity Digital Assets, is convinced that Bitcoin (BTC) should be
treated separately from other digital assets and believes it plays an exclusive role in investors’
portfolios.
Fidelity Digital Assets' latest report, titled Bitcoin First, targets two main concerns that Fidelity’s
clients have raised towards BTC — eventually being replaced by some other cryptocurrencies
and lower upside potential left compared to other coins.
https://cointelegraph.com/news/investors-underestimate-bitcoin-s-huge-upside-potential-fidelity-researcher-says 1/4
2/14/22, 10:43 AM
p p p
Investors underestimate Bitcoin's "huge upside potential", Fidelity researcher says
According to Kuiper, BTC offers a unique value proposition as the most decentralized and
censorship-resistant monetary network. That, according to him, is a non-incremental sort of
innovation similar to the invention of the wheel.
Cointelegraph.com uses Cookies to ensure the best experience for you.
“You can't reinvent something that's already been invented in terms of the most secure, most
decentralized and what we consider as the best monetary good in the digital asset space,” he
ACCEPT
said.
While other cryptocurrencies may have higher upside potential, as Kuiper pointed out, they are
also subjected to higher risks and should be regarded more like venture capital bets.
Kuiper believes that regardless of the future development of the blockchain ecosystem, BTC is
likely to come out as a winner. In a multi-chain scenario, where multiple blockchains will be
coexisting, Bitcoin will be still the main “money anchor” for other digital assets.
“At the end of the day, the thing that gives these other tokens or projects value is that they can
somehow tie back to bitcoin, either be converted back to Bitcoin,” he explained.
In the case of a winner-takes-all scenario, Kuiper thinks BTC will likely be the go-to protocol for
building most blockchain applications.
Kuiper also points out that BTC's thirteen years of existence have significantly reduced the
downside risks predominantly tied to BTC investments. On the other hand, its upside potential
may still be significant, especially in case it will gradually replace gold as a store of value.
Watch the full interview on our YouTube channel and don’t forget to subscribe.
Email Address
Subscribe
RELATED NEWS
Building Empires: Biggest Crypto Exchanges Push for Global Presence
Decentralized brokerage protocol aims to unite DEXs and lending into a new TradeFi
ecosystem
Laundering via digital pictures? A new twist in the regulatory discussion around NFTs
Love in the time of crypto: Does owning cryptocurrency make daters more desirable?
$1B worth of ETH burned in the past 30 days due to record high OpenSea NFT
transactions
https://cointelegraph.com/news/investors-underestimate-bitcoin-s-huge-upside-potential-fidelity-researcher-says 3/4
2/14/22, 10:43 AM Investors underestimate Bitcoin's "huge upside potential", Fidelity researcher says
https://cointelegraph.com/news/investors-underestimate-bitcoin-s-huge-upside-potential-fidelity-researcher-says 4/4