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Fidelity Is Mining Bitcoin, CEO Abigail Johnson Admits | Zero Hedge

In what bitcoin geeks undoubtedly interpreted as a sign of bitcoin’s renewed relevance now that its price is at all-time highs, Fidelity CEO Abigail Johnson told CoinDesk’s Consensus conference that her company is now in the business of mining bitcoin.
 

 In what bitcoin geeks undoubtedly interpreted as a sign of bitcoin's renewed relevance now that its price is at all-time highs, Fidelity CEO Abigail Johnson told CoinDesk's Consensus conference that her company is now in the business of mining bitcoin.  "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.


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