Tom Jessop, head of fidelity digital assets, said the adoption of digital assets will continue to grow rapidly in the next few years, and bitcoin has reached a "tipping point.".

In an interview with the "investing in cryptocurrency" virtual event series, Tom Jessop explained in detail why he thought cryptocurrency might have taken a turn and the mainstream adoption rate would increase in the future.

Jessop outlined the development of bitcoin driven by extremely low interest rates and "loose money" policies. Cryptocurrency is more attractive as an alternative asset than bonds offering such lower yields, he said.

"We won't get out of this exciting environment very quickly," Jessop said "I think we've reached the tipping point.".

He evaluated how bitcoin worked for about 12 years, which is an experience of increasing holdings. He believes that the current epidemic has become a catalyst for institutional adoption and is considered digital gold.

The current environment in which governments and central banks have taken unprecedented stimulus measures in response to the epidemic is also seen as driving bitcoin's adoption so quickly.

Bitcoin is now recovering from a two-day decline of nearly 7%, which has also led to further declines in the entire cryptocurrency market. The total market value of cryptocurrency is less than $2 trillion, although the recovery of bitcoin has helped to produce a mainly green morning so far.

Bitcoin prices stagnated and traders warned BTC could fall below $55000

Caruso, an American real estate company, accepts customers to pay rent with bitcoin (BTC)

Analysts said the SEC could approve bitcoin ETFs within one to two years.

(2021-4-9)