“Ms Johnson noted that Fidelity has also set up a bank of computers built by 21 Inc that can crunch complex algorithms to be rewarded with bitcoin.
“My…computer has mined over 200,000 satoshis,” she said, using the name for the smallest unit of bitcoin.
Her remarks coincide with an astounding rally in virtual currencies like bitcoin. As DoubleLine’s Jeffrey Gundlach noted on Tuesday, bitcoin is up 100% in under two months, implying that the turmoil in Chinese markets was driving more locals into bitcoin.
“I guess we have a lot of hodlers,” she said, using the slang for bitcoin users who avoid selling the currency when it jumps in value.
Yes, Fidelity is the same company which manages your 401K in America !!!!! Now, this is what legitimacy looks like!!!!