Fidelity Digital Assets recognizes the enormous opportunity to channel incremental demand from traditional fixed-income markets into Bitcoin.
"The global fixed income market is valued at approximately $150 trillion. To date, these new perpetual preferred stocks represent about $12 billion in market share and have facilitated the accumulation of over 135,000 bitcoin.
To put this fixed income example in relative terms, consider the Great Pyramid of Giza, which contains roughly 2.3 million stone blocks.
If we equate this to a total addressable global fixed income market of $150 trillion, then $12 billion would be equivalent to just 153 stone blocks “laid” via bitcoin-focused perpetual preferred stocks. Continuing the analogy, the entire market cap of bitcoin would equate to roughly 25,000 stone blocks.
This illustrates the vast, largely untapped potential for further investment in bitcoin-adjacent products within the fixed income space."