DefiDive takes us through the highlights of Fidelity's latest report: Bitcoin First

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Fidelity recently released a #crypto research report. Here are our favourite takeaways

1. #Bitcoin is the best form of money that exists today. It is only a matter of time before it proves itself

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benefits from growing network effects that results in flywheel growth

It is very difficult for a competing blockchain to beat bitcoin without being highly differentiated

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#Ethereum is a highly differentiated blockchain and offers enough USPs vs #bitcoin to rival the original cryptocurrency. Ethereum is designed for different uses cases and this chart summarises the key facts you need to know

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#Bitcoin and #ethereum will coexist alongside each other Bitcoin will fulfil the role of a non-sovereign monetary good

Other blockchains that use tokens with a monetary value will need to be directly or indirectly connected to bitcoin

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There could be 'a one blockchain takes all' future. If projects are mainly built on one blockchain, instead of creating new ones, they should pick the most secure. #Bitcoin could be the favourite layer one blockchain because it's the most decentralized & secure choice

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If you want to read more, check out the full report here:

https://fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-first.pdf

(There you go...we've downloaded it for you. dt)

DefiDive (@defi_dive)
Fidelity recently released a #crypto research report. Here are our favourite takeaways 🧵 1. #Bitcoin is the best form of money that exists today. It is only a matter of time before it proves itself
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