Christian Staub – Managing Director for Fidelity International’s business in Europe – said the investment giant intends to remain part of the cryptocurrency ecosystem. 

However, he added that it will not urge people to buy bitcoin due to its “volatile and nascent” nature. The lack of pertinent regulation in the space is another present obstacle for the firm.

Crypto to Become ‘More Sophisticated’

The multinational investment firm that has introduced several cryptocurrency opportunities to clients over the past few years will most likely remain committed to the asset class. In a recent interview, Managing Director Staub assured the organization will keep enabling access to crypto to interested customers. On the other hand, he said Fidelity will not “pound the table telling everyone to buy bitcoin.”

While Staub expects to see the industry “more sophisticated” in the years to come, he warned that it is still in its early days, meaning investors should be ready for enhanced volatility. Another existent setback is the absence of appropriate rules in the space:

“We expect this asset class to become more sophisticated, but due to their nascent nature, digital assets are still lightly regulated. Over time, regulatory coherence should act as an enabler of digital asset adoption.”

Staub thinks it is hard to forecast which digital assets will stand the test of time and overcome the current uncertainty:

“It’s hard to predict which coins — even the