This is my second post for you. This is a proof of great things in the crypto market to come. I will keep a list of articles that for tell of the crypto revolution that is coming. I am not sure whether I will present these here in the blog with a category that we can refer back to or create another page. Bear with me as I adjust the format and consider how best to present the good news of crypto and the huge opportunity that is coming with it.
The following article by CCN.com is significant because it illustrates how institutional financial organization are getting involved in the crypto markets. They are bringing (forcing the SEC and IRS to make) regulations to/for the crypto industry. Many will consider regulation as a bad word or an institution of the past but the reality is that regulation provide the rules of the road and protects all investors, big and small, from scams or going afoul of the the Internal Revenue Service.
For the small investor average citizen I strongly encourage you to invest now before the big money block you out. In the United States, in order to invest at the ground level in new ventures you have to be an Accredited Investor. What is that? Well I thought you would never ask. In the United States, to be considered an Accredited Investor, one must have a net worth of at least $1,000,000, excluding the value of one’s primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year. The term “accredited investor” is defined in Rule 501 of Regulation D of the U.S. Securities and Exchange Commission (SEC). Now back to our article.
From the website CCN.com (CryptoCoinsNews):
On October 15, Fidelity, the world’s fourth largest asset manager with $7.2 billion assets under management, launched its crypto custody arm.
At the time, Fidelity CEO Abigail Johnson stated that the long-term strategy of the investment firm is to make Bitcoin and the rest of the cryptocurrency market more accessible to investors.
“Our goal is to make digitally-native assets, such as bitcoin, more accessible to investors. We expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for our clients to understand and use.”
You can read the full article here: