• 168-year-old MassMutual's marketing focuses on its history—thus ads with the oldest U.S. lighthouse, Boston Light—but it's buying BTC for the future (Photo: Pickist)
    Bitcoin

    U.S. insurance giant’s $100M BTC investment a milestone in institutional adoption: JPMorgan

    A JPM Managing Director said if pension funds and insurers in the U.S., euro area, U.K., and Japan allocate 1% of assets to bitcoin, demand would grow by $600 billion; Mad Money’s Jim Cramer jumps in

    December 14, 2020 /

    In a recent note to investors, Panigirtzoglou said that the recent acquisition of $100 million worth of Bitcoin by United States-based insurance giant Massachusetts Mutual Life Insurance is a rather important event for the story of the asset. “MassMutual’s Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors," said Panigirtzoglou. "One can see the potential demand that could arise over the coming years as other insurance companies and pension funds follow MassMutual’s example.”

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  • Bitcoin shoots past $15K
    Growing election certainty is send bitcoin—and everything else—skyrocketing (Photo: CoinMarketCap)
    Bitcoin,  Politics

    Breaking: Bitcoin shoots past $15K

    With the broader markets encouraged by a presidential election coming to a calm close, Bitcoin rose more than $1,000 in a day

    November 5, 2020 /

    Bitcoin surged past $15,000 today, quickly breaking first $15,100 and then briefly $15,200 on a bull run that began below $14,000 on Nov. 4. The surge came as the U.S. waits for news of the presidential election, which is increasingly looking like Democrat Joe Biden will squeak out a narrow win over President Donald Trump, but that Republicans will maintain control of the Senate—a divided government that will likely mean a quick stimulus package and moderate tax increases.

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  • Bitcoin goes mainstream
    MicroStrategies CEO Michael Saylor is betting big on bitcoin (Photo: Wikimedia Commons)
    Bitcoin

    MicroStrategy doubles down, invests another $175M in Bitcoin

    The mainstream firm made headlines in August when it announced that it had bought $250 million in BTC as an inflation hedge

    September 15, 2020 /

    In announcing its initial $250 million purchase on Aug. 11, CEO Michael Saylor said the investment was an inflation hedge, calling Bitcoin “a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”

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