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: