Fidelity: ‘Countries That Secure Some Bitcoin Today Will Be Better Off Than Their Peers’

Fidelity: ‘Countries That Secure Some Bitcoin Today Will Be Better Off Than Their Peers’
While 2020 and 2021 are considered the years of bitcoin’s institutional adoption, in a new report Fidelity Digital Assets wrote that 2022 might be the era of adoption of bitcoin by sovereigns.The report contrasted China’s crackdown on bitcoin throughout 2021 to El Salvador taking the “opposite approach” by adopting the digital asset as legal tender in-country.“We think the two developments observed this year couldn’t be more opposed. Time will certainly tell which path is more successful,” Fidelity wrote.Even though many countries around the world are taking a strict approach to regulating crypto, Fidelity doesn’t believe that outright bans are on…