Nasdaq Starts Crypto Custody Services…
And MicroStrategy Buys $6 Million More BTC

Even though cryptocurrencies have had a rough few months, news from a major trading platform, the Nasdaq, and one of Bitcoin’s largest holders may indicate the worst is over…

And a potential BTC bull run could be on the horizon.

On September 12, a Wall Street Journal report said Fidelity Investments, the world’s fourth largest asset manager with over 34 million brokerage accounts, is considering allowing BTC trading on its brokerage platform.

This is big.

Should Fidelity move forward on this, it could mean millions of its account holders could gain access to BTC without the need for opening an account at a crypto exchange… many of which are seen as risky by traditional equities investors.

By having Bitcoin trading available on Fidelity’s platform, the cryptocurrency could gain instant credibility among Fidelity account holders and could help settle fears about the legitimacy of the asset among many of its old school investors.

Simply put, the move could introduce millions of new investors to Bitcoin.

But that’s not all…

The second largest US stock market operator, Nasdaq, has started a Digital Assets Unit, releasing a cryptocurrency custody service to take advantage of the growing institutional demand for cryptos like Bitcoin and Ether.

Tal Cohen, EVP and Head of North American Markets at Nasdaq said, “Demand among institutional investors for engaging in digital assets has increased in recent years, and Nasdaq is well-positioned to accelerate broader adoption and drive sustainable growth.”

And…

On Tuesday, MicroStrategy, the largest corporate BTC holder, announced it had increased its Bitcoin holdings to 130,000 BTC, adding $6 million to its position.

According to its 8-K filing, MicroStrategy’s latest Bitcoins were purchased at an average price of approximately $19,851 per coin. Now, the company holds roughly $3.98 billion worth of Bitcoin, as of Tuesday morning.

So, even though we are still mired in crypto winter, many larger players seem to be taking advantage of the market…

Does this mean a new Bitcoin bull run is coming soon?

Read more about Bitcoin’s potential price movements through 2030, HERE

Or, read more about the potential for Bitcoin trading on Fidelity’s platform, HERE

Source: https://u.today/this-might-be-most-bullish-thing-ever-for-bitcoin