‘Bitcoin Is A Superior Form Of Money,’ Says The World’s Biggest Asset Manager—As The Price Of Ethereum, BNB, Solana, Cardano, XRP Falls

‘Bitcoin Is A Superior Form Of Money,’ Says The World’s Biggest Asset Manager—As The Price Of Ethereum, BNB, Solana, Cardano, XRP Falls

Some cryptos enjoyed a small bounce this week, but the "winter" is far from over with prices well below last year's highs. The price of bitcoin is down 44% from its highs. Ethereum's price hovers 43%, BNB 45%, cardano 65%, XRP 70%, and solana 58% lower from their last year highs. Meanwhile, the world's largest asset manager Fidelity released a paper that calls bitcoin a "superior form of money." It argues that bitcoin is lightyears ahead of competition and no crypto is likely to catch up to it "as a monetary good." "Bitcoin is fundamentally different from any other digital asset. No other digital asset is likely to improve upon bitcoin as a monetary good because bitcoin is the most (relative to other digital assets) secure, decentralized, sound digital money and any "improvement" will necessarily face tradeoffs," the paper wrote. [Ed note: Investing in crypto is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] New investors should consider bitcoin first Fidelity's analysts suggest other digital assets can fulfil different needs, and they will continue to exist. But bitcoin will likely emerge as the ultimate digital store of value. And