MassMutual’s bitcoin purchases represent another milestone in crypto adoption by institutional investors, opening the door for other insurance companies and pension funds to follow the company’s example.

An SEC filing on Friday indicates that the next Wall Street institution to take a public position in bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim Partners.

CoinShares chair Danny Masters told CNBC the financial landscape has changed to the point where not having exposure to bitcoin could be a riskier move for portfolio managers than investing in it.

Niall Ferguson, economic historian, said Biden’s administration should consider bitcoin as an alternative to a “Chinese-style digital dollar.”

Glassnode, a major cryptocurrency data provider, recorded a major spike in newly registered bitcoin addresses on November 18. The growing prices have triggered more fear of missing out, driving crypto adoption to a three-year high.

Deutsche Bank stated that COVID-19 has accelerated the “digital cash revolution”. Deutsche pointed to the progress of China’s digital yuan and Sweden’s e-krona, warning European policymakers about the risks of lagging behind other jurisdictions.

The estimated global number of crypto ATMs that allow customers to buy and sell bitcoin/other altcoins is nearing 12,000—growing almost 80% from 2019—amid rising interest from retail buyers and financial institutions.

The central bank digital currency (CBDC) became available to all 393,000 residents of The Bahamas on October 20, making it the first country in the world to officially roll out a CBDC.

According to Statista, only 7% of Americans have previously used Bitcoin (BTC), with investors anticipating its valuation to increase exponentially over the next decade.

Major American cryptocurrency exchange Gemini is expanding the company’s business in the Asia-Pacific region with a new high-profile hire. Formerly head of legal for Morgan Stanley’s global financial crimes division in the APAC, Andy Meehan will now shape strategy, product, and operations of Gemini in the region.

Diginex is the parent of a number of different crypto and blockchain-focused entities, including crypto exchange Equos and Digivault—the company's digital asset custody wing.

DeFi, in many ways, is Bitcoin 2.0. And for that reason, DeFi — although based on Ethereum’s composability and smart contract functionality — furthers the Bitcoin narrative into the future that Bitcoin first allowed us to believe in.