Fidelity Executive: The crypto market is like commodities in the 1990s, undergoing similar development paths.

Christopher Tyrer, senior executive at Fidelity Digital Assets Europe, believes that the cryptocurrency industry is like the commodity boom of the 1990s.

In an interview with financial media Real Vision founder Raoul Pal, Christopher Tyrer stated that the cryptocurrency market is following the path of commodities from decades ago.

Christopher Tyrer mentioned that many people question if investing in cryptocurrencies is viable. However, "these were the same questions we were asked during the early days of the commodities boom 20 years ago." He noted that almost every investment portfolio includes commodities for asset diversification, and the trend experienced back then, as well as the current rise of cryptocurrencies, cannot be ignored as they develop in parallel.

Tyrer believes that prior to 2000, most investment portfolios did not include commodities due to the lack of comprehensive regulations and infrastructure, causing public hesitation towards commodity investments. Similarly, the current growth of crypto assets is undergoing a similar trajectory.

Christopher Tyrer emphasized that institutions stayed away from commodity-related investments during those years, even with billions of dollars flowing into the nascent commodity industry, they still could not gain mainstream market trust.

"Between 2000 and 2002, almost no institutions invested in commodities, but in the following 8 years from 2003 to 2010, a total of $400 billion flowed into this market."

This article is authorized and reprinted from Horizon News Network