Research Study
Coin Report: Bitcoin (BTC)
An overview of Bitcoin and its potential use cases
by Fidelity Digital Assets
December 6, 2024 • 47 min read
Executive Summary
Bitcoin launched in 2009 as the first decentralized peer-to-peer electronic cash system, revolutionizing the financial landscape and marking a breakthrough across several industries. Today, its impact continues to shape the evolving world of digital assets and blockchain technology.
Fidelity Digital Assets’ “Coin Report” series provides readers with a foundational understanding of a unique asset and examines its strengths and weaknesses. This report specifically highlights Bitcoin and explores its long-term potential in the digital asset market, covering topics including:
- Bitcoin’s investment thesis as a store of value in an increasingly digital world
- How the bitcoin token’s scarcity is underpinned by its decentralization and censorship-resistant characteristics, which are made possible through proof-of-work
- Why another digital asset is unlikely to supersede Bitcoin as a monetary good
As the first-ever digital asset, Bitcoin is fundamentally different from all other digital assets currently available because it is secure, decentralized, and sound digital money. Although there is always the possibility that a new entrant or superior technology will emerge in the future, any “improvement” to the Bitcoin network or token could face unavoidable tradeoffs.
Download the report now to uncover in-depth insights about Bitcoin’s potential, market trends, and strategic opportunities.
The information herein was prepared by Fidelity Digital Asset Services, LLC (“FDAS LLC”) and Fidelity Digital Assets, Ltd (“FDA LTD”). It is for informational purposes only and is not intended to constitute a recommendation, investment advice of any kind, or an offer to buy or sell any asset. Perform your own research and consult a qualified advisor to see if digital assets are an appropriate investment option.
Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high-risk tolerance. Investors in digital assets could lose the entire value of their investment.
Custody and trading of digital assets are provided by Fidelity Digital Asset Services, LLC, which is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business (NMLS ID 1773897). FDA LTD relies on FDAS LLC for these services. FDA LTD is registered with the Financial Conduct Authority under the U.K.’s Money Laundering Regulations. The Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by FDA LTD.
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