cJPMorgan strategists have backed the recent $100-million Bitcoin investment by insurance giant Massachusetts Mutual Life. Last week, the 169-year-old investment giant announced its purchase of Bitcoin through NYDIG. The investment comes just at a time when Bitcoin was under selling pressure. JPMorgan says this is a clear indication of the rising appetite for Bitcoin investment The post JPMorgan: MassMutual’s Bitcoin (BTC) Bet Hits Rising Institutional Demand appeared first on Coingape.
