Cryptocurrency was called a profitable asset, and one can buy insurance with the help of bitcoin

Crypto enthusiast: cryptocurrency is a profitable purchase

TV host Jim Kramer said he cashed out 50% of his BTC to pay off his mortgage, calling the cryptocurrency a bargain. Earlier, the journalist was rather skeptical about the main crypto coin, preferring to invest in gold.

However, then the TV presenter reconsidered his point of view. He began to view bitcoin as a tool to protect against inflation and diversify the investment portfolio.

According to Kramer, he acquired BTC when it was worth about $ 12,000. The TV presenter decided to fix the profit when the first coin became more expensive than $ 60'000.

“Now I have both a house and some crypto assets. I think I won with a good deal,” Kramer said.

Bitcoin can be used to purchase insurance

The Swiss division of the French company AXA is ready to accept bitcoins as payment for insurance policies that are not related to life insurance. This clause, according to representatives of the insurer, is associated only with the requirements of the regulator.

“This move is in response to the growing customer demand for alternative payment solutions, where new technologies play the most important role,” said Claudia Bienentro, head of open innovation at AXA Switzerland.

The insurance company does not charge additional fees for BTC payments. For now, AXA Switzerland has no plans to connect other cryptocurrencies to its system.

WEF: regulators are very interested in cryptocurrencies

WEF blockchain expert Sheila Warren believes that financial regulators are ready to significantly step up in terms of regulating the crypto market. She stated that a “dramatic” round of regulation will soon overtake BTC and the entire crypto industry.

“We’re going to see another round of pretty dramatic attempts at regulating this space. As there’s more and more activity in these spaces there’s more and more demand signal for regulators to get engaged and involved,” Warren said.

She spoke out after Coinbase became the first crypto platform to be listed on the Nasdaq.