Wild West Crypto Show Hosts Say Creation of Fidelity Investments Company May Lead to ‘Groundswell’ Growth in Cryptocurrency

April 8, 2019 12:24:00
  • Drew Taylor and Brent Bates say that the move by financial giant Fidelity Investments into cryptocurrency is important to the future acceptance of digital coins
  • Communications director of CryptoCurrencyWire analyzes arrangement between Tapatalk and the Kin Foundation that rewards users with Kin tokens
  • Hosts discuss cryptocurrency report and how to use technology, adoption to measure digital currency value

Drew Taylor and Brent Bates, co-hosts of the Wild West Crypto Show (“WWCS”), said in the show’s most recent episode that the formation of cryptocurrency company Fidelity Digital Asset Services by mainstream financial powerhouse Fidelity Investments may lead to quicker acceptance of digital currency in the investing and banking world (http://ccw.fm/MAu5A).

“Fidelity manages $2.46 trillion in assets,” the hosts said during the episode. “This company is embracing crypto.” On the impact to the larger market, they predicted, “It’s going to be a groundswell. This is not coming from the top down but from the bottom up. This is a little bit of the calm before the storm.”

Fidelity conducted a survey before starting Fidelity Digital Asset Services, according to a report by CNBC. The report noted that, of 450 investment institutions, funds, pensions and wealthy families polled, 22 percent already own cryptocurrency, and those that do expect to double their allocation over the next five years (http://ccw.fm/cf4nI).

CryptoCurrencyWire’s communications director analyzed the impact of mobile forum giant Tapatalk integrating Kin cryptocurrency tokens. Tapatalk, whose platform hosts 200,000 forums in 186 countries, has partnered with the Kin Foundation and will now reward its 300 million users with tokens for creating worthwhile and meaningful content  (http://ccw.fm/HCp9v).

Taylor and Bates also discussed, with Dr. Martin Weiss, his new report on cryptocurrencies, ‘Dark Shadows with a Bright Future’. Weiss admired the sharp jump in daily cryptocurrency transactions and recommended investors allocate up to five percent of their liquid assets on their cryptocurrency portfolios. “The key is which ones, so that’s where our ratings come in,” Weiss noted during the interview.

The hosts also had an extensive discussion about fundamental and technical assessments of stocks and cryptocurrencies. The two men talked about measuring stocks and cryptocurrencies via valuation histories, assets owned and book value, as well as using formulas to determine ‘buy’ opportunities. Weiss said that the combination of technology and adoption is a key factor (http://ccw.fm/88CQs).

The Wild West Crypto Show is broadcast from Texas and also has its own website at www.WildWestCryptoShow.com, where viewers can view past episodes. The comprehensive show is packed with everything a listener may want to know about cryptocurrencies, combining news and advice with fun. The show is also shown on TV in 45 markets across the nation.

For the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring the latest news from around the world, visit http://ccw.fm/MAu5A

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