MassMutual s Bitcoin foray signals widening demand: JPMorgan businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
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Dec 14, 2020 07:17 GMTCrypto News
Institutions are likely to continue buying Bitcoin in the coming years, as adoption becomes mainstream.
Bitcoin is holding above $19,000 after another rejection from $19,500.
Institutions worldwide have been increasing their uptake of Bitcoin, suggesting that adoption is currently on the express lane. According to JPMorgan Chase & Co, this demand could keep rising in the coming years.
Massachusetts Mutual Life Insurance Company purchases $100 million of BTC.
JP Morgan narrowed down on Bitcoin’s growing demand after the Massachusetts Mutual Life Insurance Co. bought Bitcoin worth $100 million. The institutions buying Bitcoin have expanded from family offices and high net worth individuals to insurance firms and pension funds. According to Strategists at JPMorgan:
Quote To Start The Day: We’re really trying to encourage progress, not to force it.
Source: Adena Friedman
One Big Thing In Fintech: 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. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Reuters is reporting that, in the next month, private equity firm Carlyle Group will select banks to underwrite its planned initial public offering. Carlyle hopes to file its IPO prospectus with the Securities and Exchange Commission in the third quarter, according to sources familiar with the. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: