Analysts at one of the largest financial corporations on the planet, Fidelity Investmens, have announced that they consider bitcoin to be a unique asset. BTC should be considered separate from altcoins as “no other cryptocurrency can compare to it.”
In a recently published article titled “Bitcoin is ahead,” Fidelity analysts argue that the first cryptocurrency has a number of fundamental differences from other digital assets. First of all, the article says, BTC strikes the perfect balance between security and decentralization. Any attempt to improve one of these indicators will inevitably lead to a deterioration in the other:
“BTC combines the rarity and durability of gold with the ease of use, storage and transport of fiat currency. In addition, the Bitcoin network has no leaders, it does not pay dividends and has no cash flow,” the authors say.
The scarcity and decentralized nature of the digital currency only add to the advantages of BTC over other similar assets.
Fidelity Investmens sees bitcoin as “an entry into the cryptocurrency market” for traditional investors. According to the company’s analysts, two different approaches should be used when investing in digital assets. The first approach involves focusing on bitcoin and only on it, and the second is to pay attention to digital currencies, whose properties are close to BTC.
Recently, popular cryptocurrency analyst Max Kaiser called ether and other altcoins scams, saying that only bitcoin is trustworthy.
Source: Bits
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