TD₿: Bitcoin First by Fidelity Digital Assets
TL;DR The invention of digital scarcity is like the invention of the wheel, it only occurs once.
Hey Bitcoiners,
This week I was taken aback by a report that came out of Fidelity that clearly laid out the case for why Bitcoin is different from every other “crypto” in existence today.
I guess I shouldn’t be surprised. After all, Fidelity has been mining Bitcoin since 2014.
Regardless, it was encouraging to see an institution with the reputation and influence of Fidelity come out and speak to Bitcoin’s uniqueness.
The reality is that Bitcoin could not be more different than every other digital asset out there in terms of its security assurances, its immutability, its history, and its underlying technology.
I highly recommend reading this report and sharing it with your colleagues who are still conflating Bitcoin with the rest of the broader crypto industry (01/18/2022).
In the end, economies converge on one monetary medium that has the best monetary properties to function as money.
That medium is Bitcoin.
Tick tock next block,
Cory Klippsten
Sign up for Swan and give the gift of Bitcoin to your friends and family.
Quote of the Day
“Bitcoin is a chaotic attractor. You can’t predict which learning path each person will take, but they all lead to the same place.” - Andy Edstrom, Director of Swan Advisor Services
Meme of the Day
(h/t @bitcoincrusader)
Yeah! This is super exciting :D Also saw that they've started buying Ethereum, so it's very cool to see they're taking all this seriously!