Bitcoin has set a new all time high after smashing through twenty thousand dollars. Currently trading over $27,000.

Saifedean Ammous, author of The Bitcoin Standard, says Bitcoin may take away demand from multiple safe haven assets such as gold, real estate, and bond

Life insurance giant MassMutual is purchasing a hefty allocation in Bitcoin and acquiring a minority stake in the Bitcoin institutional investment solutions firm, NYDIG.

According to analysts at JPMorgan Chase the growing  acceptance of Bitcoin as a reserve asset is having a direct impact on gold, setting the stage for a major shift in institutional allocation between the two assets.

MicroStrategy, one of the largest independent publicly traded business intelligence companies in the world, plans to buy an additional four hundred million dollars worth of Bitcoin.

Celebrities from the entertainment industry, billionaires and renowned traders are all actively trying to get a piece of Bitcoin whose appeal as a portfolio asset is growing by the day.

Legendary investor Paul Tudor Jones has likened Bitcoin to precious metals, and other cryptos to industrial metals. It is a clear indicator of where he thinks the market is headed over the next twenty years.

In what can be viewed as a strategic play, the Libra crypto project has rebranded to Diem According to the project’s head, the rebrand will help demonstrate its independence from Facebook.

Niall Ferguson is a financial and economic historian in the UK, and has stated that the US needs its own path when it comes to crypto adoption. Ferguson stated that the US couldn’t build its own versions of the electronic payments systems that China has already developed.

President elect Joe Biden is reportedly considering crypto friendly Andrew Yang as his future Secretary of Commerce.