As first noted by Grayscale Director Phil Bonello, MassMutual recently purchased $100 million worth of bitcoin. Assuming it bought the cryptocurrency at its current price of $18,150, that would mean the insurance company purchased 5,510 BTC.
MassMutual, also known as the Massachusetts Mutual Life Insurance Company, is a
Up until recently, Wall Street investor Ray Dalio had been known as a Bitcoin skeptic. That appears to be changing.
Dalio is the co-CIO of one of the world's largest investment funds, Bridgewater Associates. He is personally valued at $16.9 billion, according to Forbes.
In a Reddit
Scott Minerd, Chief Investment Officer of asset management and investment advisory firm Guggenheim Investments, believes Bitcoin is severely undervalued.
In a video published by Bloomberg TV on Wednesday, Minerd shared that the firm had "started allocating toward Bitcoin when Bitcoin was at $10,000," adding that he was
Scott Minerd, Chief Investment Officer of asset management and investment advisory firm Guggenheim Investments, believes Bitcoin is severely undervalued.
In a video published by Bloomberg TV on Wednesday, Minerd shared that the firm had "started allocating toward Bitcoin when Bitcoin was at $10,000," adding that he was
As first noted by Grayscale Director Phil Bonello, MassMutual recently purchased $100 million worth of bitcoin. Assuming it bought the cryptocurrency at its current price of $18,150, that would mean the insurance company purchased 5,510 BTC.
MassMutual, also known as the Massachusetts Mutual Life Insurance Company, is a
Up until recently, Wall Street investor Ray Dalio had been known as a Bitcoin skeptic. That appears to be changing.
Dalio is the co-CIO of one of the world's largest investment funds, Bridgewater Associates. He is personally valued at $16.9 billion, according to Forbes.
In a Reddit
On the afternoon of December 4th, MicroStrategy CEO Michael Saylor announced that his company had purchased another $50 million worth of bitcoin, detailing that the company acquired 2,574 coins at an average price of $19,427 each. Bitcoin's current value sits at $19,000 as per Tradingview.
Billionaire hedge fund manager Paul Tudor Jones first made waves in the wider Bitcoin space in May this year when he revealed that one percent of his assets is allocated to Bitcoin, the emergence of which he described as the historic “birthing of a store of value.”
In an interview
According to Vimal Gor, head of bond, income, and defensive strategies of Australian investment manager Pendal Group, the asset manager now has "active positions in bitcoin futures."
Speaking to the Australian Financial Review, Gor said that the best way to play cryptocurrencies right now is Bitcoin. And at
MicroStrategy shocked the world in August when it announced it would deploy $250 million from its balance sheet to buy bitcoin. The move represented the first time a publicly-traded corporation had bought bitcoin for investment purposes.
MSTR, the company's stock, immediately rallied following the announcement as the market
As Bitcoin has seen a strong surge in recent weeks, gaining 86 percent since September alone, when it sat around $10,000, online gamblers increasingly look to asset as a way to take profits.
According to Bloomberg, Winning Poker Network, a network of online gambling sites, is paying 90 to
