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originally posted by: projectvxn
originally posted by: neo96
It's going to be interesting to see what a crypto with a multi billion coin supply can do price wise.
Compared to coins with smaller supplies.
I think in this case usage will drive price points and not supply.
A $720 million sleeping giant has woken up after four years, with $100 million moved to Bitfinex and Binance over the course of ten days at the end of August. The bitcoin wallet contains 111,114 BTC or 0.52% of the total supply.
As we reported yesterday, one of the five largest US Brokerage companies TD Ameritrade is investing in a new cryptocurrency exchange for millions of its customers.
The U.S. brokerage firm announced a strategic investment Wednesday in an exchange called ErisX, which offers both bitcoin spot and futures trading. High-speed trading company Virtu Financial will also back the exchange.
Fidelity joins a growing list of legacy financial giants who have seen enough potential in the cryptocurrency space to justify investing in the resources to produce products tailored for this nascent marketplace. Intercontinental Exchange (ICE), Goldman Sachs, Citigroup, and Morgan Stanley are just a few of the names that plan to roll-out digital asset services within the near future.
Fidelity, though, has not been dissuaded by the massive drop in prices that has occurred over the past 10 months.