Zev Mintz

Economies around the world continue unprecedented spending measures as more debt instruments are pushed into negative yields. Tesla announced a $1.5 billion investment into Bitcoin as well as plans to accept the currency as payment from customers.

GameStop’s trading activity has sparked a battle between individual investors and Wall Street incumbents. Notable company leaders, including Elon Musk, continue to warm up to potential use cases and investments in Bitcoin.

The Biden administration has taken office and plans for a new relief package are already underway. BlackRock has opened the door for certain funds to begin investing in Bitcoin futures.

The presidential transition continues to create uncertainty for the economy and investors. Bitcoin experienced significant price appreciation to new all-time highs, followed by a notable correction.

Bitcoin received significant attention from institutional investors and government actors in 2020. This resulted in consistent price appreciation for the currency, during an economically turbulent year with few safe, high-yield investment opportunities.

MassMutual allocates $100 million of its general account to Bitcoin. The investment was sparked by low and negative yields on safe securities globally, and fears of fiat currency inflation.

The US is taking on debt at an unprecedented rate with no end in sight. COVID-19 is likely to force at least 1 more year of outsized borrowing as massive relief bills are progressing through the government.

The recent US elections has served as a tailwind for Bitcoin's growth due to expectations of inflation and large-scale government spending.