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Fidelity Vice President: Bitcoin Risks for Retail Investors Much Different Than Insti

In an interview with CNBC Squawk Box, Kathleen Murphy – the Fidelity Investment’s Personal Investing President, states – “We want to be very careful that investors don't –who aren't institutional investors don't make a mistake with cryptocurrency.” The bitcoin market has acquired almost 90 percent of the retail-based, which has made the company anxious about its digital cash contribution.

For retail financial investors, bitcoin has proven to be far less secure than it is for institutional investors. Abigail Johnson – Fidelity’s CEO is a colossal enthusiast of cryptographic money, yet the organization is mindful of how it needs to offer its bitcoin and trading services to its shareholders.

All things considered, the firm wouldn't like to provide trading services on a retail level. Kathleen affirmed that Fidelity is adopting digital currencies since they need to perceive it deeply. And keeping in mind that doing as such, they need to be creative and attentive about the digital cash space.