JPMorgan Discusses $600B in Potential New Bitcoin Demand

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">First COVID-19 vaccines roll out in the U.S. </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Are IPOs the new ICOs?</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">U.S. Treasury and other federal departments hacked </span></li> </ul> <p><span style="font-weight: 400;">Our main discussion: A massive new category of bitcoin demand? </span></p> <p><span style="font-weight: 400;">Last week, when MassMutual announced its $100 million buy, NLW explored whether it would be the beginning of a trend for other insurance companies. A recent note from JPMorgan analysts suggests that even a 1% allocation by that category of company in major markets in the U.S., Europe and Japan could represent $600 billion of new demand. </span></p> <p><span style="font-weight: 400;">NLW also discusses recent comments from long-term institutional bitcoin and crypto bulls including Chamath Palihapitiya and Abigail Johnson.</span></p> <div data-pm-slice="0 0 []" data-en-clipboard="true">The Breakdown is produced and distributed by <a href="http://coindesk.com/" rel="noopener noreferrer" rev= "en_rl_none"><u>CoinDesk.com</u></a></div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: <a href="https://twitter.com/nlw" rev= "en_rl_none">https://twitter.com/nlw</a></div> <div>Breakdown: <a href="https://twitter.com/BreakdownNLW" rev= "en_rl_none">https://twitter.com/BreakdownNLW</a></div>