top of page

Bitcoins Institutional Money

Updated: Jan 2, 2021

2020 has seen more adoption through business' than ever before. It is clear that business' are becoming more and more interested in the Crypto currency field, especially in Bitcoin.

-Grayscale has by far the largest Bitcoin portfolio of any institutional investment platform, with over $7.4 billion in BTC currently under management in the Grayscale Bitcoin Trust. In total, Grayscale Investments now holds more than 2% of the Bitcoin total supply,

-Microstrategy have reportedly bought $1 Billion of Bitcoin throughout the year (approximately 70,470 bitcoins).

-MassMutual’s $100 Million investment really turned heads within the insurance sector.

- Square have aquired 4,709 bitcoins at an aggregate purchase price of $50 million

Panigirtzoglou and his team of experts figure that if pension plans and insurance companies in the U.S., EU, U.K. and Japan put 1% of assets in crypto, that would mean $600B in investment. That compares to Bitcoin's current market cap of around $400B. With that amount of institutional power the price of Bitcoin could ten fold.

JPMorgan strategists wrote in a recent note:

Another Bitcoin bull is Scott Minerd, chief investment officer of Guggenheim Investments, which has $233 billion in total assets under management (AUM).

2021 we will see a lot more companies following suite and converting some of their reserves to include Bitcoin. Whilst others will adopting Bitcoin as their native currency.

3 views0 comments
bottom of page