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Lemonade Insurance Company Acquires $1M Bitcoin

source-logo  cryptoknowmics.com 15 December 2021 08:29, UTC

One million worth of Bitcoin (BTC) was purchased by Lemonade insurance firm. Lemonade Inc. provides renters', homeowners', vehicle, pet, and term life insurance in the United States, as well as contents and liability plans in Germany and the Netherlands, as well as renters insurance in France. The headquarters of the corporation are in New York City. It has about a million customers, with 70 percent of them being under the age of 35.

Crypto prices have fallen below their expected support zone as a result of negative press around the new Covid variant and a stock market crisis.

However, not everyone thinks the crypto market crash is a negative thing. The CEO of Tron and El Salvador have already invested in the downturn by adding Bitcoin to their wallets.

cryptoknowmics.com