Archive: Guggenheim Investments

Institutional Bitcoin Is Here to Stay

By Adam Sharp on December 18, 2020

It’s official. The institutional move into bitcoin is underway. Large multi-billion dollar firms are now coming into the market. And I think it’s just getting started. Insurance giant MassMutual announced last week that it had purchased $100 million worth of BTC. It also took a $5 million equity stake in New York Digital Investment Group, a digital asset management firm. MassMutual is one of the largest insurers in the…