As per JPMorgan strategists, the purchase of $100 million Bitcoin made by MassMutual, an American mutual life insurance company serving five million clients points to the increase in Bitcoin adoption. The strategists also believe that if companies like this in the United States, Euro area, the United Kingdom, and Japan started allocating even 1% of their assets to Bitcoin, Bitcoin demand would grow by an additional $600 billion which is roughly double of the Bitcoin current market capitalization.
Source: https://news.todayq.com/news/digital-yaun-not-to-replace-the-u-s-dollar-to-blockstack-hackathon/
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