‘We’ve Reached a Tipping Point’ on Bitcoin Adoption, Fidelity’s Tom Jessop Says

weve reached a tipping point on bitcoin adoption fidelitys tom jessop says

Sumary of ‘We’ve Reached a Tipping Point’ on Bitcoin Adoption, Fidelity’s Tom Jessop Says:

  • Jessop said that a backdrop of ultralow interest rates and an environment that has been stimulated by easy-money policies has helped to drive momentum into Bitcoin and other assets, which are increasingly being seen as alternatives to assets that are considered richly priced by some measure and bonds that are offering meager yields..
  • The S&P 500 index booked its 18th record closing high of 2021 on Wednesday and the Dow Jones Industrial Average wasn’t far from its all-time high as the 10-year Treasury yielded around 1.66%….

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