Fidelity, Crypto, Bitcoin, and Ugly Sweaters

With all the crazy news about crypto, FTX exchange collapse, and bitcoin falling off a cliff, Fidelity continues to charge ahead with making crypto and bitcoin available to all. So what does Fidelity see that the rest of us don't see? Well for more than 50 years Fidelity has been a titan in the mutual fund space. Now they seem to be strongly pushing the availability of bitcoin to its over 40 million customers. So they must know something. Right!

Should you put Bitcoin on your Christmas shopping list for that special someone this year? Hmmm, maybe you should still buy a cool sweater for Dad instead :-)

Still curious? Well, check out the video series from Fidelity to get some ideas. The videos are entertaining and informative. See the video below or "Click Here"

NOT INTO CRYPTO YOU SAY!

If buying crypto isn't your thing and you want to get some ideas about companies associated with crypto scroll down to the bottom of this post or click here "What Are Crypto Stocks"

What Are Crypto Stocks?

Crypto stocks are publicly traded companies that operate businesses directly engaged in crypto markets or blockchain technology or are otherwise exposed to the crypto market. These stocks include popular crypto exchanges, cryptocurrency miners, blockchain technology specialists, and companies that have significant cryptocurrency holdings on their balance sheets. They are typically highly correlated to cryptocurrency price fluctuations, making them extremely volatile and unpredictable. --- See the full article " 7 Best Crypto Stocks of 2022" from Forbes

Crypto-Related Company's

CoinBase (COIN) crypto exchange platform

Block (NYSE:SQ) (formerly Square)

PayPal (NASDAQ:PYPL) enables users to purchase cryptocurrencies within a digital wallet

Meta Platforms (NASDAQ:META) previously had a cryptocurrency called Diem (aka Libra)

Silvergate Capital (NYSE:SI) purchase Diem aka Libra from Facebook

Shopify (NYSE:SHOP) allows merchants using its platform to accept cryptocurrencies

The argument could be made that this is a great time to get into crypto (currency or stocks) because everything is now at a discount. On the other side of that argument, the stocks above and recent news seem to show that both the cryptocurrency space and the associated stock price has been getting crushed for most of 2022.

Why buy now? It can only get worst. Right? Maybe?

Well, we don't know the answer to that question. It is all risk and speculation.

At IdeasWorthTrading we don't recommend or own any crypto (currency or stocks) at the time of creating this post. Our only purpose is to share ideas and educate.

Umm, but we do have a few cool ugly holiday sweaters. Have fun with the information and get educated.

Happy Holidays,

IDEASWORTHTRADING