- Jan 8, 2011
Big news today. Fidelity is offering BTC to 401k investors. Trillions under mgt. VERY nice. This opens a HUGE market here in the US. Fist to get it will be their own 23000 employees. Micro Strategy is partnering with them
Slow and steady movement of money into this space. Good thing. Small dips weekly/monthly...no big deal. When in doubt, zoom out. Show me another asset class that has performed like BTC for the last 10,7,5, or even 3 years...
But ooh now. The loss of all the Chineese and their 401k investments . Obviously a joke to illustrate how China is no big loss. To give you an idea of scale of investments.
Not a lot of personal investment going on with all those people and all still fall under govt control which will take assets as they please.
Nasdaq another 10 Tril
Shanghai Stock Market 4.7 tril
if this is such good news today for a bitcoin why is it down over 5% today? why are people selling it on “good news”?