Fidelity is getting into Bitcoin

Fidelity is known as a pretty conservative company.  Why are they entering Bitcoin as it is crashing and everyone is forgetting about it.  Is it possible a billion dollar financial institution knows more than a bunch of idiots on Reddit?

Fidelity Investments is a financial services company that was founded in 1946 by Edward C. Johnson II. The company started as a mutual fund provider and has since grown to offer a wide range of financial products and services, including brokerage services, investment management, retirement planning, and financial planning.

Fidelity is known for its conservative approach to investing, which involves building diversified portfolios of quality investments and minimizing risk through careful asset allocation and portfolio management. The company has a long history of successful investing, and its mutual funds are known for their strong performance and consistent returns.

Fidelity has also been a pioneer in the mutual fund industry, introducing a number of innovations and advancements over the years. These include the creation of the first index fund for individual investors, the development of advanced investment research tools and technologies, and the introduction of innovative investment products such as target-date funds and actively managed ETFs.

In addition to its mutual fund business, Fidelity also operates a large brokerage division that offers a wide range of investment products and services to individual investors, including stocks, bonds, ETFs, and other securities. The company has a reputation for providing high-quality research and investment guidance to its clients, and its brokerage services are known for their convenience and user-friendly platform.

Overall, Fidelity Investments is a well-respected and successful financial services company that is known for its conservative approach to investing and its commitment to providing high-quality investment products and services to its clients.