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Fidelity, The Trillion-Dollar Asset Giant addresses BITCOIN CRITICISMS

11/13/2020
In this piece, we review and respond to criticisms and misconceptions that continue to come up in our conversations. The criticisms outlined below have been addressed many times over, but we wanted to share an updated response given the increase in attention on Bitcoin.

Specifically:

1. Bitcoin is too volatile to be a store of value.
2. Bitcoin has failed as a means of payment.
3. Bitcoin is wasteful.
4. Bitcoin is used for illicit activity.
5. Bitcoin is not backed by anything.
6. Bitcoin will be replaced by a competitor.

[https://www.fidelitydigitalassets.com/articles/addressing-bitcoin-criticisms?ccmedia=owned&amp%3Bccchannel=social&amp%3Bcccampaign=bitcoin_myth_blog&amp%3Bcctactics=Twitterr&ccsource=linkedin_share](https://www.fidelitydigitalassets.com/articles/addressing-bitcoin-criticisms?ccmedia=owned&amp%3Bccchannel=social&amp%3Bcccampaign=bitcoin_myth_blog&amp%3Bcctactics=Twitterr&ccsource=linkedin_share)

*not working for Fidelity, just wanted to share!



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