\r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\nAccording to US investment banking giant\u00a0JPMorgan Chase & Co,\u00a0MassMutual\u2019s purchase of Bitcoin\u00a0could be a key milestone. Bank strategists say that $ 600 billion could enter the market if this trend continues.\r\n\r\nLately, the institutional adoption of Bitcoin is increasing rapidly. The leading crypto fluctuates between the $ 18,400 and $ 19,500 range and tries to break the $ 20,000 resistance. For now, even though BTC is experiencing a correction, every week, the new market giants take positions in BTC. So, analysts made important statements on this subject in its latest report cited by Bloomberg.\r\n\r\nFamous banking giant\u00a0JP Morgan\u00a0highlighted that in the near past,\u00a0Bitcoin\u00a0has drawn the attention of notable institutional investors, and there can be more investment in the leading cryptocurrency soon. MassMutual\u2019s $ 100 million acquisition of Bitcoin (BTC) last week is a major event for the crypto community.\u00a0According to bank strategists, this event could further increase the demand for\u00a0Bitcoin (BTC).\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nInstitutional Adoption of BTC Has Just Begun\r\nThe bank\u2019s strategists pointed out that Bitcoin has expanded from family offices and wealthy investors to pension funds and insurance companies. Last week,\u00a0Massachusetts Mutual Life Insurance Company (MassMutual)\u00a0also jumped onto the Bitcoin investment bandwagon. In the investor\u2019s note dated December 11,\u00a0Nikolaos Panigirtzoglou, bank\u2019s Managing Director and leading strategist said:\r\n\u201cMassMutual\u2019s Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors. One can see the potential demand that could arise over the coming years as other insurance companies and pension funds follow MassMutual\u2019s example.\u201d\r\nNikolaos Panigirtzoglou estimates that Bitcoin represents only 0.18% of investment in family offices. The decision of such companies to buy Bitcoins, even as little as 1%, could bring the market $ 600 billion. This amount is high enough compared to the current market value of Bitcoin. It could have a significant impact on Bitcoin.\r\n\r\n#coinsfera #cryptonews #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo #buybitcoinwithcash #sellbitcoinwithcash #buybitcoin #sellbitcoin\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.