J.P. Morgan analysts wrote,

Mass Mutual's Bitcoin purchases represent another milestone in Bitcoin adoption by

institutional investors. One can see the potential demand that could arise over the coming

years as other insurance companies and pension funds follow Mass Mutual's example.

When you have not only these big nine-figure buys, but influential analyst groups like J.P. Morgan

connecting the dots to the long term, who knows what could happen next.

Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

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What's going on, guys? It is Monday, December 14th, and today we're talking about JP Morgan analysts discussing

600 billion in potential new Bitcoin demand. First up, however, let's do the brief. First up on the

brief today, the first vaccine is here. Last week, the U.S. approved Pfizer BioBio-N-Tex COVID-19 vaccine, and today the first

doses started being administered. The first people to get the vaccine obviously are frontline

healthcare workers, and this is incredibly excited even though there are still a lot of challenges,

most notably getting people to actually take it. Also, how long it

takes to produce and roll out to everyone. Still, the head of the U.S. government vaccination

drive said up to 80% of the population could be given the shot by next summer. I think

it's worth noting just how remarkable a thing this is in terms of how fast this came together. It really shows the potential

of how much extra capacity we have, and frankly it should make us think about what we can achieve

with true moonshot efforts and focus. And I mean that both in terms of the science side and on the

elimination of bureaucracy side. Markets are, of course, very happy about this. The S&P 500

halted a three-day slide and was up almost a percent at the time of recording. Nasdaq jumped

...