Sector analyst round table: The future of digital currency - Joe Overdevest, Nicolas Bellemare and Max Adelson
Sustainable growth or flash in the pan? Our series on the future of digital currency continues: Fidelity Canada’s equity research analysts panel shares how they are approaching digital currencies, the foundations underpinning their growth and catalysts to watch for in 2021. Director of Research and portfolio manager Joe Overdevest notes that we’re still in the early days of cryptocurrencies. He compares Bitcoin to Google: that is, Google wasn’t the first search engine, but it gained popularity over the years; similarly, Bitcoin might eventually be surpassed by another cryptocurrency that becomes the standard. Bitcoin has, however, seen a tremendous increase in adoption in recent years.
Recorded on February 4, 2021.