Source: Cointelegraph Original: "{title}"
Cryptocurrency startup Meanwhile has successfully raised $40 million, aiming to expand its life insurance business priced in Bitcoin (BTC), primarily targeting so-called "inflation-affected economies." In these economies, policyholders often seek alternatives to traditional fiat currency payments.
The company disclosed on April 10 that the Series A funding was led by Framework Ventures and Fulgur Ventures, with participation from Xapo founder Wences Casares.
Previously, Meanwhile had secured $20.5 million in seed funding, with supporters including OpenAI CEO Sam Altman.
Source: Meanwhile
Regulated by the Bermuda Monetary Authority, Meanwhile offers whole life insurance priced in Bitcoin, helping policyholders protect the value of their life insurance from currency depreciation.
Policyholders can access the value of their life insurance at any time through loans and tax-free partial withdrawals.
Meanwhile's co-founder Zac Townsend stated in an interview with Fortune magazine that the company's life insurance policies are similar to traditional life insurance, with the only difference being that monthly premiums are paid in Bitcoin. When a policyholder passes away, their family will receive the full claim value in BTC.
Townsend noted that the company's policies are particularly aimed at customers living in high-inflation or currency-unstable regions. Given the inflation trends in Western economies and extreme currency fluctuations in emerging markets, Meanwhile's services cover a broad market.
The deflationary nature of Bitcoin has made it a popular store of value among early cryptocurrency adopters, but its role as a traditional inflation hedge remains controversial.
A study published in the Journal of Economics and Business in 2025 indicated that Bitcoin's inflation-hedging ability has weakened in recent years due to rising institutional adoption rates. The study pointed out that despite U.S. inflation soaring to a 40-year high of 9% in 2022, Bitcoin's price fell by 60%.
However, some analysts believe that investors bought Bitcoin during the pandemic in anticipation of government stimulus measures leading to rising inflation.
During this period, "investors saw inflation coming, so they started buying Bitcoin like crazy," said investor and analyst Anthony Pompliano.
Whether or not Bitcoin fully meets the technical definition of an inflation hedge, this asset has significantly outperformed the effects of inflation or currency depreciation since its inception.
Due to the latest U.S. inflation data causing market volatility, Bitcoin's price fell below $80,000 on April 10. However, reports indicated a sharp decline in the annual inflation rate for March, with the consumer price index dropping from 2.8% in February to 2.4%.
Bitcoin's price experienced significant intraday volatility following the recent U.S. CPI data release. Source: Cointelegraph
Related: In turbulent markets, risk-weighted assets like gold are a lifeline.
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