Crypto News

Bitcoin Could See Billions Of Inflows If Life Insurance Firms Followed MassMutual

  • MassMutual shocked the industry when it purchased Bitcoin to complement its general investment account. While this BTC investment represents a small portion of its balance, many see this as massive for the adoption of BTC.
  • Former Bitcoin fund manager and researcher Tuur Demeester noted that if the entire life insurance space was to allocate 0.1% of its assets to Bitcoin, the cryptocurrency would see massive inflows.
  • Life insurance companies are arguably just the tip of the iceberg, though as MicroStrategy just revealed that it has raised $650 million in a private debt offering to institutional clients. The American business services company will purchase BTC with this capital.
  • Another analysis found that if every publicly listed company put 1% of their balance sheets into Bitcoin, there would be inflows of dozens of billions of dollars into the leading cryptocurrency.
  • The fact that there is so much capital on the sidelines shows how much Bitcoin could rally should it gain traction as a global reserve asset or even as an alternative store of value.
  • Read the full story here

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Corey Hansford

Corey has been involved in media and writing since graduating from the illustrious Howard University with a degree in Broadcast Journalism. While relatively new to the cryptocurrency world, he has been writing since 2012 with most contributions coming in the sports world on websites such as LakersNation.com and DodgerBlue.com. Corey is also an avid sports fan who closely follows the Lakers, Cowboys, Dodgers, WWE, and UFC.

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