Did Fidelity Just Validate Cryptocurrency Investing?

 Today Fidelity announced they offer crypto in retirement accounts this year.

 

"the largest retirement plan provider in the United States, announced plans to offer bitcoin in 401(k) retirement accounts to its account holders later this year. 

 The company is set to allow investors to allocate up to 20% of their 401(k) accounts to bitcoin, though employers will have the ability to lower that cap"

 If Fidelity is letting investors buy bitcoin, what does that do to cryptocurrency broker services like Coinbase?

Does Fidelity become a crypto exchange platform?

Not only does this bring in a new crop of crypto investors but does it make investing in crypto safer?

If your bitcoin is held with Fidelity, would you need a crypto wallet?

Is THIS the tipping point for crypto to be considered a "valid" investment?

What Do North Korea, WannaCry And Bitcoins All Have In Common?

It's official North Korea was behind the massive WannaCry cyrberattack.

North Korea behind the virus.

Victims received ransom demands, paying did not unlock their computers. Victims were told to pay in Bitcoin (untraceable).

Companies are now buying Bitcoins in order to hedge themselves against the next cyberattack.

What percentage of bitcoin buying is investment oriented versus hedging?

Ok companies are buying Bitcoin as a hedge, but what can they do to protect themselves in the mean time?

Easy. Just do this.

Want To Short Bitcoin?

Want to short bitcoin?

Interactive Brokers is now allowing it.

A major online broker, Interactive Brokers Group Inc., says it will allow investors to bet against, or short, bitcoin, on its trading platform, shifting an earlier stance to only provide trading access to customers to bitcoin futures making outright long investments in the bubblicious cryptocurrency.

“The introduction of short sales was necessitated by the large premium of the January futures contract over the price at which Bitcoin trades on the physical venues,” said Chairman of Interactive Brokers LLC Thomas Peterffy. (source)