New big news for adoption-fans, the MassMutual, the giant insurance company just purchased 100 million USD worth of bitcoin. Next to this, they have also purchased shares from the NYDIG, the crypto-focused financial startup. Analysts of JP Morgan thinks if the other insurance companies worldwide allocate only 1% of their funds to bitcoin, that means 600 billion USD.
Corporations at this level diversifying in multiple ways, and prefer the longer, more than 10 years time-period. And the lowest risk, as possible, of course, so the relatively stable assets. Purchasing BTC by them means two things. They think BTC is stable in long term. And on the other hand, the risk-reward ratio is very asymmetric, the profit could be much bigger than the loss.