On the current ongoing bear market, Fidelity Investment chairperson has put her views in a recent conversation
On the first day of the Consensus event of 2022 on thursday, 9th June, 2022 going on in Austin, Texas, a bunch of experts have put their views on different issues related to crypto and blockchain space. Following the similar outline of event, Chairperson and CEO of Fidelity Investments, Abigail Johnson or generally she’s known as Abby Johnson has also talked at the event.
Fidelity Investments CEO was talking with founding partner of Castle Island Ventures, Matthew Walsh, about the cryptocurrency and its ongoing situations. About the current bearish market trend, Abby Johnson said that this is her third crypto winter that she is witnessing and then when someone figures on bear and securities market, she has seen so many ups and downs. But she envisioned this as an opportunity as she was raised to be a thinker having opposing opinions.
Further Johnson said that this is why she has this automatic reaction that if someone believes that the long term cases have really strong fundamentals. She said when everyone else is plunging, that’s the time when you double down the investment and dive with extra efforts into it, which she considered as the right move. So, she said that she is excited about whatever is going on right now. Although she considered this awful that the crypto market is losing its value, she also believes that there is more to come and it’s exciting.
As per the reports, Fidelity CEO while talking about financial services company’s most recent move of bitcoin exposure offering in its clients’ 401 (k) retirement plans. She described that she hadn’t thought that the company would have gotten much attention to bring a pinch of bitcoin to a bit of 401 (k) business. Many people now have heard about it and have been asking about it about which she said that she’s been surprised happily at the positive feedback of this amount that they have got on that.
Johnson said that seeing some of the regulatory authorities trying to lean into the space and this seems encouraging and exciting to her. This is because if regulators do give them a route to make several connections and then it makes it really hard for crypto players in the background to be able to feel seamless.
Source: https://www.thecoinrepublic.com/2022/06/13/what-fidelity-investment-chair-abby-johnson-has-to-say-about-her-third-crypto-winter/