Financial super giant JPMorgan have issued their stern belief that as part if a massive turn towards Cryptocurrency during the next year one huge chuck will be coming from the insurance sector.
It was at a mid-December JPMorgan banking officials made the mutterings about insurance companies being a part of some initial $600-billion in speculated multi company funds after well established and well known insurance company MassMutual made a $100 million move into Bitcoin.
The insurance company has made a a huge investment in Bitcoin, and this might just be the top of the iceberg, as this investment by MassMutual was muted in circles as just testing the water.
The effect is going to give rise to more from the financial sector shifting quickly into Cryptocurrency - it is also believed that huge Altcoin hauls are about to be initiated - don't look at me... the financial sector are pushing at dipping in, whether this is a good thing in the long run - especially given USA law makers want to hit regulations hard in the next year... Keep an eye out for this one *wink*.
More plot twisting involves The Massachusetts Mutual Life Insurance Company, also MicroStrategy and Square have already acquired possibly hundreds of millions worth of Bitcoin. So it does seem that the predictions of Bitcoin becoming a little more scarce and pricey will be coming to fruition a little bit quicker than we may be thinking.
Some financial analysts have stated that the shift towards Bitcoin and crypto as a whole by the financial and insurance sectors will be costly to hold onto certain established mining investments and the price of gold after years of upwards motion at the global stock exchanges.
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