‘Bitcoin is superior money’, according to Fidelity, MicroStrategy buys 660 BTC and legal tender-bill in Arizona
‘Bitcoin is a superior form of money’, according to Fidelity
Bitcoin (BTC) is fundamentally different from any other digital asset and no other digital asset is likely to improve upon bitcoin as a monetary good, according to digital asset-focused financial services provider Fidelity Digital Assets.
In its latest report, the subsidiary of US-based mutual fund giant Fidelity Investments said the following:
“BTC is the most secure, decentralized, sound digital money and any ‘improvement’ will necessarily face tradeoffs.”
Noteworthy; Fidelity is one of the biggest asset managers in the world. They have an AUM of $8.3 trillion.
Source: Cryptonews
MicroStrategy buys up 660 more bitcoins for $25M
MicroStrategy bought the dip again. This time, the company from Michael Saylor acquired ~660 bitcoins for $25million in cash, at an average price of $37,865 per bitcoin.
As of January 31th the company held 125,051 bitcoins that were acquired at a total purchase price of $3.78B, or average price of $30,200 per bitcoin, including fees and expenses.
Yesterday, the company also hosted the ‘Bitcoin for Corporations’ event in which Saylor and Jack Dorsey, former CEO of Twitter and current CEO of Block, spoke about the future of native internet money. In the keynote, the businessmen spoke about ‘Bitcoin for the world’, ‘Bitcoin for Block’ and ‘Bitcoin for corporations’.
Bill introduced to make Bitcoin legal tender in Arizona
US Senator Wendy Rogers presented a bill in which she proposes the adoption of BTC as a payment method. If the proposal is approved by state legislators, it will still have to be approved by US Congress.
The bill seeks to add bitcoin to the list of instruments considered legal tender in Arizona and make the peer-to-peer digital currency a lawful medium of exchange there, enabling citizens to pay debts, public charges, taxes and dues with BTC.
The bill says “Bitcoin” specifically rather than cryptocurrency in general, and doesn’t mention any other digital currency besides the first and only P2P system that managed to trustlessly solve the double-spending problem of digital cash.
Source: BitcoinMagazine
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