Jan 8, 2021
8:51:42am
8:51:42am
Bitcoin, and crypto in general, has moved well beyond “gamblers”
Banks, pension funds, insurance companies, and other institutional investors are including these tools in their portfolios now.
“JPMorgan Chase’s analysts wrote a note Friday explaining why they see significant demand for bitcoin. They explained that the recent investment of $100 million in the cryptocurrency by mega insurer Massachusetts Mutual Life Insurance Co. (Massmutual) highlights “the potential for additional institutional demand for the cryptocurrency in coming years,” Bloomberg conveyed. The note adds that the purchase “suggests adoption of bitcoin is spreading from family offices and wealthy investors to insurance firms and pension funds.”
“JPMorgan Chase’s analysts wrote a note Friday explaining why they see significant demand for bitcoin. They explained that the recent investment of $100 million in the cryptocurrency by mega insurer Massachusetts Mutual Life Insurance Co. (Massmutual) highlights “the potential for additional institutional demand for the cryptocurrency in coming years,” Bloomberg conveyed. The note adds that the purchase “suggests adoption of bitcoin is spreading from family offices and wealthy investors to insurance firms and pension funds.”
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- Greg Kite's 'stache
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- May 4, 2024
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1/8/21 8:40am
1/8/21 8:46am
It is not nor was it ever designed to be a currency, but that’s how people have started viewing and treating it
1/8/21 9:04am
1/8/21 9:08am
Yes, the goal was to facilitate peer-to-peer, verified, non reversible transactions via a distributed ledger design.
1/8/21 9:18am
1/8/21 9:24am
1/8/21 9:25am
1/8/21 9:30am
1/8/21 8:51am