11% of US insurers invest — or are interested in investing — in crypto
Of the 328 CFOs and CIOs representing around half of the global insurance industry, 6% responded their firm was either already invested or considering an investment into cryptocurrencies. United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firm’s asset allocations and portfolios.The investment banking giant recently released its annual global insurance investment survey, which included responses regarding cryptocurrencies for the first time, finding....
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A blockchain technology consortium spearheaded by a global group of insurers has added several new members. The B3i project – short for the Blockchain Insurance Industry Initiative – was launched in October, an effort aimed at providing a way for insurers like Allianz and Swiss Re, among others, to swap information and collaboratively test prototypes and use cases. While some insurers have been testing blockchain independently, B3i offered the chance to conduct those experiments under one roof. Since launch, other insurers, including Liberty Mutual, Sompo Japan Nipponkoa and the....
46% of respondents reported having $1,000 or less in crypto, while another 25% said they held between $1,000 and $10,000. The vast majority of cryptocurrency owners in the United States made its first-ever crypto investments just within last year, according to a new survey.About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 by Huobi Group, the operator of major crypto exchange Huobi.The company polled about 3,100 American adults in mid-December 2021 to assess respondents’ knowledge of....
Apple is currently the second largest company by market cap behind Microsoft, with Cook personally worth more than $1 billion. Apple chief executive officer Tim Cook said he owns some crypto as "part of a diversified portfolio," but is not planning for the tech company to follow Tesla’s example by investing in Bitcoin or other tokens.Speaking at the New York Times’ DealBook Online Summit on Nov. 9, Cook said he would not use the company’s roughly $200 billion in cash on hand to invest in cryptocurrencies. He also did not intend to accept crypto as a means of a payment for Apple products....
Eighteen percent of respondents in a new survey said that learning more about the benefits of investing in cryptocurrency was the most effective approach to transition from skeptic to believer. While some people believe in the long-term potential of cryptocurrency, others are hesitant to put money in because of different concerns. A recent study conducted by Coupon Follow found out that the majority of people who haven't invested in cryptocurrency cite worries such as value volatility and restricted applications, environmental impact as well as regulatory concerns.Search interest for....
The Bitcoin price has been showing considerable improvement since the beginning of November. The currency-which was holding steady in the two hundreds mark until then-broke free to the $500 mark before stabilizing around $350. Bitcoin is known for its volatility, which is keeping many people away from it at the moment. However, many people across the world are aware of Bitcoin's potential, and they are interested in having a piece of the pie early on. "When is the right time to invest in Bitcoin?" is now one of the common questions asked by scores of people across the world. Bitcoin price....