New institutional player — MassMutual purchases $100M Bitcoin

[Lucius]

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This kind of news only confirms that Bitcoin has become a hot commodity among big players, especially among those based in the US. Although $100 million is not a small amount, I am interested in when the biggest players who invest billions will decide on such moves, so we can see the law of supply and demand in action.

If institutional players are getting in even at this price range. They probably know something that others don't. I have read some leaked documents from citibank predicting that btc will reach $315 in 2021...

I wouldn't say they know much more than we do here, and the price doesn't matter to them because they don't invest money they need for daily life - and they can afford to lose $100 million or invest in the long run. Those documents you are talking about are just speculations, even when they come from banks. As for $315, you're probably missing a couple of zeros - so I guess we won't go back to 2015, the time of three-digit numbers is hopefully left in the past forever.

[7788bitcoin]

This kind of news only confirms that Bitcoin has become a hot commodity among big players, especially among those based in the US. Although $100 million is not a small amount, I am interested in when the biggest players who invest billions will decide on such moves, so we can see the law of supply and demand in action.

Bitcoin is a hot commodity and everyone is investing heavily and it is good news for all the old time bitcoin investors and good to see that the market is moving higher but the only thing that worries me is that these heavy investors are here to make the profits and they will dump everything whenever they think that they made their profit and it comes affect the market big time in the form of major correction.

[CryptopreneurBrainboss]

Institutions are waking up and seeing bitcoin as an investment opportunity, I think many more institutions will still likely invest in bitcoin. I have just read in a news another institutional player, MassMutual that have just invested $100 million in bitcoin. You can check the news below.

Had that feeling they (the institutional investors) are the ones keeping the support of the bull market active if not by now bitcoin should be trading in lower price as the rejection was very high. On different occasions bitcoin has tried to break it's previous all time high but got rejected. If it was previous years it should have been dumped heavily already. Just hope they (the institutional investors) don't get too greedy and manipulate the price of the market to suit their selfish desires.

They should let them market grow genuinely and allow the technology to have it's impact on the financial system and not just focused on the price action of the coin but I guess that's an impossible task to ask as 99% of the institutional investors joining the industry are only doing that for the profits they're to make from the hot trend.

On other note, it's a positive one knowing new investors are buying into the industry and there are more to come, which indicates the industry would be around for more years and not dieing anytime soon as popularly predicted by the anti-bitcoiners

[Lucius]

...but the only thing that worries me is that these heavy investors are here to make the profits and they will dump everything whenever they think that they made their profit and it comes affect the market big time in the form of major correction.

It’s something that’s an option, because it’s all about how to make as much money as possible. However, when it comes to these large companies that invest in BTC, many analysts agree that they will not sell their BTC so soon and that they have invested in the long run. If we take the already well-known MicroStrategy as an example, then their initial investment has almost doubled, and instead of selling, they are investing again $400 million in Bitcoin these days.

Another important thing is that all of them, as far as I know, invest through OTC, which allows them not to influence the price too much - because it is in their interest to buy as much as possible at the lowest possible price. In the case of the sale, I think they will go in the same direction again, which means OTC and minimal impact on the crypto market - although they will not be able to hide from the public that they are selling BTC - just as any purchase must be made public.

[Chuky92]

This is very good and a very vital fact that  I see very clear during this market pump or bull run is that, it is very different from that of the past, that is, during the last bull run in which Bitcoin crossed $19k it was mostly as a result of new investors coming into it but during this time, institutional investors are coming in a huge way hence the market dump isn't as much as before because a pump mostly follows after, and if such attention should continue $20k will be passed as well. In addition, I believe that, these Institutional investors are also bringing more reputation to the crypto space, because for them to invest such, means they are seeing a huge potential in the future hence want to be part of it sooner than later.

[TheGreatPython]

A lot of these institutions are not investing directly into Bitcoin, they are making use of fund management companies, it’s just like the same thing with Greyscale, they are also fund management and there are lots of institutions and rich people that are investing through them instead of investing direct.

It’s really good that we are finally seeing lots of institutions now taking interest in Bitcoin, because at the start it was all hatred towards Bitcoin and they were running from it and believed that it is bad, and most of them that said it is bad back then have now come to understand it completely and now wants a share in it.

[ChrisPop]

It is very encouraging to see more and more institutions invest their cash in Bitcoin. It is certainly a good sign. But we haven't yet seen the surge in price. My guess is that big funds are engineering the liquidity to fill as much as they can of their desired position before rocketing the price. Thus, $20k might be the base for the launch to 6 digits. Really exciting times!