New institutional player — MassMutual purchases $100M Bitcoin - page 2.

Fredomago

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Quote from: cryptoaddictchie on December 11, 2020, 12:50:26 AM

Quote from: TimeTeller on December 10, 2020, 06:27:11 PM

This time, we will be seeing more and more big institutions getting interested in crypto.
So the rise in the market is very different from the 2017 rise, which was driven more on hype without foundation.
A lot of new crypto users I believe, are now more educated when it comes to crypto investments.

I agree. These new players are probably looking up on a new ATH That might come. We'll I cant say that this end of the year bitcoin price will still be blooming as we all knew that holidays are coming ang people also probably needed cash for this.

If they come to enter in this bullying market and looking for ATH then they truly believe that Bitcoin May go up more than that 20,000$ price,those Kind of investor won't risk their funds in something they don't have idea of gaining more than they invested.
So with this we have a nice view in the sooner days as the Bull might not end this year instead will continue into the next.

Quote

But I'm not saying it would go done but will definitely create sideways and volatility. Next year is probably the exciting year to bitcoin and other major crypto and will trigger bull run. Big players realize it and if some also enter the game I'm not sure how far bitcoin will sky rocket.

Going down is not an option to those investors because if they believe it will then they will surely wait that time and not now with the value almost the same on the Highest reached in the past.

Walterhank

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Seems like more and more institutions and organizations are jumping into the field. Maybe they realized how much power is in the cryptocurrencies. Well, I think governments could change their stance on strict regulations and will also become more open to crypto. Let's see what happens.

cryptoaddictchie

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Quote from: TimeTeller on December 10, 2020, 06:27:11 PM

This time, we will be seeing more and more big institutions getting interested in crypto.
So the rise in the market is very different from the 2017 rise, which was driven more on hype without foundation.
A lot of new crypto users I believe, are now more educated when it comes to crypto investments.

I agree. These new players are probably looking up on a new ATH That might come. We'll I cant say that this end of the year bitcoin price will still be blooming as we all knew that holidays are coming ang people also probably needed cash for this.

But I'm not saying it would go done but will definitely create sideways and volatility. Next year is probably the exciting year to bitcoin and other major crypto and will trigger bull run. Big players realize it and if some also enter the game I'm not sure how far bitcoin will sky rocket.

dothebeats

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They have assets to spend and money to risk; they can afford to allocate $100M to the latest investment fad no doubt. I’m beginning to believe that bitcoin will slowly become a viable asset for huge companies with the capacity to risk a huge amount on the swing. The returns are significantly higher than the risk this time, and with a lot of deep pockets already invested, I could see why some other companies are bold enough to pull the trigger and actually drop a lot of cash to bitcoin and crypto. For sure, these huge companies will do anything and everything to benefit largely from their crypto purchases, and would not allow bitcoin to really plunge down hard this time around.

tabas

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This 2020 got most of the institutional gets in. And Grayscale is the first to have been seen acquiring continuously. Other institutions like Jamie Dimon's JP morgan chase has to create a drama for them to get in.
I don't know much about MassMutual but that's heft of a purchase that they've made. 2021 will probably get more attention from financial institutions and learning about their bitcoin purchase in hundreds millions of dollars.

TimeTeller

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This time, we will be seeing more and more big institutions getting interested in crypto.
So the rise in the market is very different from the 2017 rise, which was driven more on hype without foundation.
A lot of new crypto users I believe, are now more educated when it comes to crypto investments.
If this will continue, more institutions and big companies taking their risks into crypto, there's no doubt that bitcoin will further increase in the next coming years.
And we will be seeing a new ATH with better foundation. Let us hope that scammers will lessen their numbers at least.

Charles-Tim

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Institutions are waking up and seeing bitcoin as an investment opportunity, I think many more institutions will still likely invest in bitcoin. I have just read in a news another institutional player, MassMutual that have just invested $100 million in bitcoin. You can check the news below.

Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its general investment account.

According to a report from The Wall Street Journal, the company purchased the coins — purportedly 5,470 Bitcoin (BTC) given the current price of $18,279 — through New York-based fund management company NYDIG. MassMutual also reportedly bought a $5 million equity stake in the firm, which holds $2.3 billion in crypto.

The report states that the investment is part of MassMutual’s strategy to take advantage of new opportunities while remaining diversified, providing “measured yet meaningful exposure to a growing economic aspect of our increasingly digital world."

The purchase comes as major institutional players are adopting Bitcoin for the first time and going longer on crypto investments

https://cointelegraph.com/news/new-institutional-player-massmutual-purchases-100m-bitcoin

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