Fidelity's latest report underlines the importance of the BTC scarcity principle: “Comparatively, bitcoin remains one of the few assets that does not correspond to another person’s liability, has no counterparty risk, and has a supply schedule that cannot be changed,” it concluded. All centrally controlled currencies like the dollar or the pound can be manipulated by forces outside of the owner's control. Of course that is not news as we know that the money printer goes brrrrr. And BTC will come out of this recession stronger than any fiat currency. The news is those big companies like fidelity are calling these things out. Because they are one of the largest asset managers in the world with $4.5 trillion in assets under management, now as of December 2021 their assets under administration amounts to $11.8 trillion.
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