Cryptocurrency Analysis and News Portal
MassMutual’s $100 million Bitcoin (BTC) purchase shows that the demand for cryptocurrency will be growing further, according to strategists at major investment bank JPMorgan.In an investor note on Dec. 11, JPMorgan strategists including Nikolaos Panigirtzoglou reportedly suggested that Bitcoin adoption is now expanding from family offices and wealthy investors to
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Quick take:MassMutal Life Insurance recently purchases $100 million in BitcoinInsurance companies are known to avoid unnecessary risksThe 169-year-old insurance company buying Bitcoin is a sign that BTC is no longer a ‘risk-off’ assetBitcoin being sold now by miners and retail traders is increasingly being scooped up by institutional investorsThe herd
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MassMutual shocked the industry yesterday when it purchased Bitcoin to complement its general investment account. Massachusetts Mutual Life Insurance
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Massachusetts Mutual Life Insurance Co. is jumping into the institutional bitcoin game with a $100 million investment in bitcoin and a $5 million equity stake in NYDIG.The twin plays – both revealed in a Thursday press release – give MassMutual direct exposure to the cryptocurrency’s price swings and signal it’s betting
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Bitcoin underwent a strong plunge yesterday evening to $17,700. The cryptocurrency crashed as the stock market faced a
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