Joining us today is Meghan Chen, Digital Assets Strategist, who walks us through what’s currently happening in the digital assets markets and what is driving crypto assets higher despite the negative headlines. Meghan speaks to Colin Randall, Director of Research and says January saw a strong start for crypto with Bitcoin and Ether prices going up. She explains crypto prices have rebounded this year for two reasons. She notes risk assets performed well in January, as well as stocks and the NASDAQ creating a general tailwind for crypto. Also the collapse of regional banks in the US also created a spike in Bitcoin. When vulnerabilities arise in the traditional finance system, they tend to be a tailwind for crypto prices. Especially for Bitcoin as it is the largest and most established cryptocurrency.

Recorded on May 5, 2023.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.