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Fidelity Digital Asset’s post serves as a reminder of the rich history of Bitcoin and its resilience as the leading crypto asset. The company highlights how favorable regulation can drive adoption and price growth in the crypto space.
Recently, Metaplanet, a Japanese-based investment firm, has continued to buy up Bitcoins with debt funding. This move is significant because it shows that even with debt financing, Metaplanet believes strongly in Bitcoin’s potential for growth.
This raises an important question: what could happen if other major countries follow Japan’s regulatory model? According to Jurrien Timmer of Fidelity Investments, the value of Bitcoin could easily surpass gold much sooner than predicted.
Source: https://u.today/fidelity-spotlights-8-year-old-bullish-bitcoin-move-from-japan
