MassMutual Bitcoin purchase proves crypto demand is rising, JPMorgan says

Cointelegraph

Published Dec 14, 2020 04:50AM ET

Updated Dec 14, 2020 06:40AM ET

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 (NYSE:JPM).

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 bigger investors like insurance firms and pension funds.

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