Ryan
👤 SpeakerAppearances Over Time
Podcast Appearances
It's an asset manager.
But now it can do bank things?
Yes, it can do bank things.
And Fidelity is somewhat like BlackRock too.
So Fidelity is moving.
you wonder if BlackRock is going to move with a stable coin as well?
They could.
Remember, and so they could be competitive type banks in this type of setup.
Yeah.
And so, you know, Simon's making the point that this is actually a pretty big entrance here.
And I think people forget this.
I know you and I know this, Dave, but it's worth repeating for folks who don't know.
Fidelity has been in crypto for a long time.
Yeah, they're OGs.
They don't get credit for that.
They were mining Bitcoin back in 2014.
They were like paying for cafeteria lunch in Bitcoin at that time.
They've been experimenting for a while.
They were dogfooding a lot of stuff.
And they're bullish Bitcoin.