JPMorgan Estimates More Institutions Could Invest $600 Billion Into Bitcoin


According to JPMorgan, the $600 billion investment in Bitcoin would come from institutions like pension funds, and insurance companies in prominent places like Japan, the United States, and Europe.

December 14, 2020 | AtoZ Markets – JPMorgan Chase, the largest US bank, believes that Bitcoin has grasped the attention of institutional investors, and more BTC purchases will follow.

The giant bank has estimated that up to $600 billion could potentially flow into Bitcoin, from pension funds, insurance companies, and other large investors, following the lead of MassMutual. This opinion is shared by analysts of the financial holding JPMorgan Chase & Co., writes Bloomberg.

JPMorgan says more institutions could invest in Bitcoin

In December, MassMutual, which manages $235 billion in assets, invested $100 million in the first cryptocurrency. According to analysts, this indicates the emergence of a new trend among institutions.

“You can see the potential demand that may arise over the next years,” – said in JPMorgan.

Read also: JPMorgan Chase Publishes Positive Report on Bitcoin

Analysts believe that a $600 billion investment in Bitcoin is equivalent to investing just 1% of the capital of the largest insurance companies and pension funds in the USA, Europe, and Japan in digital gold. However, their capabilities are limited by regulatory complexity.

Earlier, the CEO of the cryptocurrency platform ShapeShift, Eric Voorhees, said that institutional investors can become a “natural defense” of bitcoin from excessive control by the authorities.

Read also: MicroStrategy to Invest Additional $400 Million in Bitcoin

As a reminder, on December 11, analytic software provider MicroStrategy Inc. raised $650 million in debt financing for subsequent investments in the first cryptocurrency.

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