The Biggest Bitcoin Investment Of The Year

The Biggest Bitcoin Investment Of The Year News about the biggest Bitcoin investment of the year came from the famous billionaire. Massachusetts Mutual Life Insurance (MassMutual), one of the life insurance giants, will invest heavily in Bitcoin. The company buys a minority stake in the Bitcoin enterprise investment solutions company NYDIG. Making a statement on the subject, Galaxy Digital CEO Mike Novogratz noted that MassMutual's investments could be the biggest Bitcoin news of 2020.   MassMutual's Investments Biggest Bitcoin News of 2020 In the news in the Wall Street Journal, it was stated that insurance giant Massachusetts Mutual Life Insurance purchased Bitcoin worth $ 100 million. The acquisition was made through NYDIG, a New York-based fund management company, which has approximately $ 2.3 billion worth of Bitcoin and cryptocurrencies under its management. In addition, Massachusetts Mutual Life Insurance also acquired a $ 5 million stake in NYDIG. Bitcoin bull and Galaxy Digital CEO Mike Novogratz told his 156,000 Twitter followers that this could be the biggest bitcoin news in this year, when there was a huge increase in the corporate adoption of Bitcoin in 2020. MassMutual's chief investment officer Tim Corbett stated in his statement on the subject that he believes that these investments are a very important part of the company's portfolio. Tim Corbett also states that adding Bitcoin to their portfolios "will help MassMutual provide long-term value to policy holders." Tim Corbett said the company looks forward to seeking more different and innovative ways to add value to its members. NYDIG founder Ross Stevens also thinks positively about the deal. Stating that MassMutual's investment will significantly inspire the Bitcoin community, Ross Stevens stated that he believes the ongoing conflict with institutional investors will support the best cryptocurrency. Stevens added: “Bitcoin is the cornerstone of our practice and solid money that cannot be printed asymptotically with an unrelated risk premium. I couldn't imagine hiring a better company than Massmutual to help NYDIG support the next leg of Bitcoin's journey. Their constant focus on providing safety, security and responsible innovation to policy owners and their families… this development will inspire the Bitcoin and cryptocurrency community. ”