Bitcoin Marketcap
$1.15T
Gold Marketcap
$16.16T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.15T
Gold Marketcap
$16.16T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
In a blog post on bitcoin and the crypto-economy overall today, Mass Mutual's Chief Investment Officer Tim Corbett explained the 170 year old firm's approach to Bitcoin and digital assets, which can be summed up as "taking the long view".
Mr Corbett explained:
Bitcoin’s unique characteristics—including digital scarcity, known supply growth, transfer characteristics, and hard cap on the total number of tokens—open the possibility that it may serve as a kind of “digital gold,” with the potential for significant price appreciation.
He also pointed out bitcoin's volatility and risk profile, but noted: "In our position as a leading mutual life insurance company, we have the ability to take that long view."
Additionally, Mr Corbett announced that Mass Mutual is launching Flourish Crypto, which he described as "a cryptocurrency investing solution built for Registered Investment Advisors (RIAs) and their clients", significantly raising the profile of bitcoin as an investment asset to the key group of investment advisors.
tldr