X @Bitcoin

Bitcoin Integration into Finance - Bitcoin is transitioning from a speculative asset to a reserve denominator, penetrating the insurance sector, a core component of the financial system [1][2] - The structure is reflexive, where Bitcoin collateral generates increased Bitcoin demand, creating a feedback loop as insurance premiums are held in Bitcoin and lent out [2][3] - Major financial institutions like Apollo, Bain, Northwestern Mutual, and Pantera are participating, signaling Bitcoin's recognition as a financial substrate [4][5] Bitcoin's Evolving Role - Bitcoin's role is evolving from being priced against risk (trading) in the 2010s to yield (ETFs, reserves) in the 2020s, with a trajectory towards being priced against time and mortality (insurance, pensions) in the 2030s [6] - Insurance capital's movement into Bitcoin signals deep structural belief, potentially rewiring the discount rate logic of the entire financial system [6] - Northwestern Mutual's involvement signifies a conservative endorsement of Bitcoin, akin to JP Morgan holding Bitcoin on its balance sheet [6] Societal Implications - Insuring human life in Bitcoin terms signals trust in Bitcoin's long-term continuity, potentially surpassing the sovereign promise [7] - Bitcoin is moving deeper into the time structure of civilization, becoming a denominator of trust [7]