Speaking at Consensus 2022 in Austin, Texas, Johnson revealed that the current bear market is her “third crypto winter,” according to a report by CoinDesk on June 9. The Fidelity CEO said, “there’s been plenty of ups and downs but I see that as an opportunity.” She added:
Fidelity CEO’s interest in BTC dates back to 2014
Interestingly, Johnson’s interest in Bitcoin goes back to 2014, when she began mining the digital currency, which caused the finance department at Fidelity to become perplexed. Over the course of the last several years, Fidelity has shifted more of its attention to expanding its product offerings in the cryptocurrency industry. In light of the growing interest in the metaverse, Fidelity was able to successfully launch the Fidelity Metaverse Exchange Traded Fund (ETF) in April, despite the current regulatory roadblocks, and is now providing clients with the opportunity to include Bitcoin in their 401(k) retirement savings account.
Fidelity plans to crypto trading platform
Furthemore it was announced on June 7 in one of the most recent such developments that three financial heavyweights – Citadel Securities, Fidelity Investments, and Charles Schab Corp – are teaming forces to launch a cryptocurrency offering that would broaden access to digital assets, to allow “retail brokerages to offer crypto-executions to their customers.” Meanwhile, as Finbold reported, Fidelity is also planning a hiring spree for crypto talents, so it could increase its crypto branch Fidelity Digital Assets, which already employs nearly 200 employees, with 210 new talents.
