Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

  • > Johnson said that the company had made several venture investments in bitcoin-related businesses and that the company was looking at applications of blockchain technologies alongside several leading universities.

    Every crypto article makes the same vague claims about the potential of non-specific blockchain technology. I'm surprised there was no mention of replacing Visa in this one as well.

  • I like that the post mentions she's mined 200,000 Satoshis. Is this some kind of Bitcoin Shibboleth? I had to google it. It's about $8.

  • I cannot imagine a headline that would make me more interested in investing with Vanguard.

  • I can't wait until large firms, or very rich people start throwing a lot of money at mining and start co-opting cryptocurrencies

  • How did this article just get written? Consensus happened in May...

  • Sure, if you have more of a kitty than many countries to play with, an army of lawyers and an IT department... have fun.

  • It sure feels like "blockchain" and "cryptocurrency" are the new misunderstood but mandatory usage buzzwords of the day.

  • So someone at Fidelity watched Mr Robot I think they missed some parts but lets see how this plays out...(starts thinking about moving investments away from Fidelity).

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  • Dream of satoshi is dead now

  • There will probably be more bad news from China this year. It seems very risky to do what they are doing.

  • It would be highly irresponsible not to do so

  • ROI of creating an investment portfolio 1 year ago, and selling today:

    - All Bitcoin: ~500%

    - Mix of top market: ~2800%

    - All Strat: ~13500%

    Meanwhile, stock investors call 12% a good year.