Is it true that the German state is investing 20% incrementally as the market growth effect isn't really increasing at the moment, it should have pumped up $40k but sadly that's not the case now as FUD from China continues to cause concern for many investors.
The bad news that continues to depress the movement of bitcoin is clearly very disturbing, but after Kamarin El Savador started giving good news, another good news began to emerge, hopefully it will continue. Of course, the impact can't be seen immediately, but gradually this will bring good news for the next bitcoin development to be able to move up again. we will continue to wait for the good news to return in the future, so that it will excite investors towards bitcoin. 
Topic: Germany is about to allow legally the funds to invest in crypto, from July 1st (Read 273 times)
July 10, 2021, 07:15:25 AM
July 10, 2021, 06:35:58 AM
Is it true that the German state is investing 20% incrementally as the market growth effect isn't really increasing at the moment, it should have pumped up $40k but sadly that's not the case now as FUD from China continues to cause concern for many investors.
Right now the chinese government is still campaigning against anti bitcoin so that some good news sinks by itself, now what we need is big news so that it can hit the fud circulated by the chinese government, and if that happens i really believe the bitcoin price will pump again and make The market will improve later, the news about Germany allowing an investment of 20% in my opinion is still much small than the news about the ban on bitcoin by the Chinese government so it doesn't really affect the price of bitcoin in my opinion. 
July 09, 2021, 11:20:38 AM
It isn't like that. Germany is a big country with a lot of capital. If all Spezialfonods decided to put 20 percent of their investments in bitcoin, that would represent about a third of the total market capitalization of the cryptocurrency. Imagine what such demand would mean for the price of bitcoin.
Of course, this is an extreme case, which will probably never happen, but it's fun to think about.
Therein lies the root of the problem, I agree and support the adoption that will be carried out by Germany in the future, but we also have to learn from China? remember !! each country is just doing business and fighting for the economy to be at the forefront. I hope that when Germany adopts Bitcoin, there will be no crazy intentions like China has towards Bitcoin. destroy the market, and make millions of small traders lose their minds.
we are not only thinking about adoption and adoption, but also maintaining the integrity of Bitcoin in the eyes of the world.
July 08, 2021, 11:03:55 PM
Is it true that the German state is investing 20% incrementally as the market growth effect isn't really increasing at the moment, it should have pumped up $40k but sadly that's not the case now as FUD from China continues to cause concern for many investors.
The market could have been much better if not the so many FUD surrounding the market, the medias are covering the FUD rather than the good news like this, so far the market is not yet reflecting this investment, but it will soon be, we have to lessen the FUDS so small investors will go back trusting the market again.
July 08, 2021, 06:59:08 PM
Is it true that the German state is investing 20% incrementally as the market growth effect isn't really increasing at the moment, it should have pumped up $40k but sadly that's not the case now as FUD from China continues to cause concern for many investors.
July 04, 2021, 04:06:16 PM
I know that they have the laws in regards to being involved in the cryptocurrency space and that they require registration etc. So I'm not that surprised that they are going to be investing their money into crypto. I believe as long as they are putting up more application and investments towards cryptocurrency, it's going to be better for everyone of us involved in this space.
Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents.Maybe everything can be right, that Germany became a friendly country with Crypto and clearly encouraged Germany to further increase adoption of Bitcoin. But do we not look dependent on one of the countries?
It isn't like that. Germany is a big country with a lot of capital. If all Spezialfonods decided to put 20 percent of their investments in bitcoin, that would represent about a third of the total market capitalization of the cryptocurrency. Imagine what such demand would mean for the price of bitcoin.
Of course, this is an extreme case, which will probably never happen, but it's fun to think about.
July 04, 2021, 10:33:40 AM
I think most of the market these days is "buy the news...sell the rumor" ever since Coinbase went live on the stock market. Just like Tesla buying over $1B worth of Bitcoin did nothing for price until it was announced that they bought Bitcoin.
Right now we are getting tons of bad news and good news and the market is trading sideways. Not going up with good news and not going down with bad news. So basically implies that we are at an inflection point.
Most likely until $40K breaks UP or $30K breaks down and stays down/up for a few days, we have no direction. Just people getting chopped up.
Right now we are getting tons of bad news and good news and the market is trading sideways. Not going up with good news and not going down with bad news. So basically implies that we are at an inflection point.
Most likely until $40K breaks UP or $30K breaks down and stays down/up for a few days, we have no direction. Just people getting chopped up.
July 04, 2021, 08:11:00 AM
I know that they have the laws in regards to being involved in the cryptocurrency space and that they require registration etc. So I'm not that surprised that they are going to be investing their money into crypto. I believe as long as they are putting up more application and investments towards cryptocurrency, it's going to be better for everyone of us involved in this space.
Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents.Maybe everything can be right, that Germany became a friendly country with Crypto and clearly encouraged Germany to further increase adoption of Bitcoin. But do we not look dependent on one of the countries?
Isn't the incident from China that has given learning that we must be more neutral for countries that try to find more attention. At least we have Bitcoin that does not depend on one or two certain countries that are considered giant.
Because Bitcoin's goals are global and comprehensive, in my opinion, every country that wants to adopt Bitcoin is limited to their ownership.
So it's not just a state of relaxation, a small country can also adopt Bitcoin in the same amount.
Minimalization solutions occur something that is not expected in the future as China did at the market destruction some time ago.
Isn't China actions show that infinite Bitcoin ownership has resulted in the management of frequent prices suddenly. As a sustainable Bitcoin user, we do not want such a thing to be left wandering and destroying Bitcoin's reputation in the eyes of the world.
July 04, 2021, 06:49:27 AM
It'll be really nice for the market. We can see these investment funds revitalizing the market again. And they may help a little on a new rally. But I also know this kind of investments don't be very affective on the price directly anymore.
July 03, 2021, 10:25:21 AM
I was thinking if I should post in Press or here, but I find it more appropriate here.
The news is rather old (April), but it's tomorrow when the act comes into reality.
Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro
tomorrow, but it's a good news and a good start.
The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
The news is rather old (April), but it's tomorrow when the act comes into reality.
Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro
tomorrow, but it's a good news and a good start.The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
So it's reason for the bullish market for now.After few days, we can able to see some good price in the market. Some crypto holders will be happy for now.Because it's was total struck in the price of bitcoin.The people who brought at the recent bear will get huge profit from it now.Because today was an unexpected rise in bitcoin price.
Adoption is on the move and we have seen on how far we had able to reach out after all the years and it would be continuous since Bitcoin existence does really give out significant impact
not only on profiting matters but also in its true relevance in terms of payment system.
July 03, 2021, 10:06:38 AM
I was thinking if I should post in Press or here, but I find it more appropriate here.
The news is rather old (April), but it's tomorrow when the act comes into reality.
Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro tomorrow, but it's a good news and a good start.
The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
The news is rather old (April), but it's tomorrow when the act comes into reality.
Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro
tomorrow, but it's a good news and a good start.The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
So it's reason for the bullish market for now.After few days, we can able to see some good price in the market. Some crypto holders will be happy for now.Because it's was total struck in the price of bitcoin.The people who brought at the recent bear will get huge profit from it now.Because today was an unexpected rise in bitcoin price.
July 03, 2021, 10:03:08 AM
Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents.
But they're not that enough because in my opinion, they aren't as influential as USA, China or Russia, they might be influential in Europe though but they aren't in the global level but that influence is still enough I think because that's still a lot of people. 
July 03, 2021, 09:34:23 AM
Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents.
I do think it's the best approach by everyone. It's all about setting out samples towards everyone in the world that it's doable and beneficial to everyone. They are setting standards within other aspects in other industries, so why not the financial space, right? At least that's what I think why they are doing these types of things. 
July 02, 2021, 09:54:08 AM
They have been pro-bitcoin since 2017, you can see the number of cities that accepts crypto or at least have a bitcoin ATM:
https://www.statista.com/statistics/1224741/firms-with-crypto-payment-solution-germany-city/
Yeah, it didn't put a dent on the price though, on the contrary the price dip in the last 48 hours. For sure maybe not everyone hear this news. So it might take time to digest this news and let investors read between the line. The price is still cheap, maybe it's a good time to buy bitcoin right now and hold and wait for other good news to come before the end of the year.
It is not easy to be a fully supportive of crypto when you have a currency that is getting less and less valuable and a nation that has worse and worse economy. However Germany has none of those, they have a currency that is doing better, and they have a nation with probably the best finances in all of the world, they gave zero deficits ffs (before pandemic) that is enough.https://www.statista.com/statistics/1224741/firms-with-crypto-payment-solution-germany-city/
Yeah, it didn't put a dent on the price though, on the contrary the price dip in the last 48 hours. For sure maybe not everyone hear this news. So it might take time to digest this news and let investors read between the line. The price is still cheap, maybe it's a good time to buy bitcoin right now and hold and wait for other good news to come before the end of the year.
So long story short Germany is not afraid of bitcoin because they know that it wasn't created to hurt nations and governments like theirs, it was created against nations like USA where rich get richer thanks to politicians and poor get poorer because of the same government, with crypto there is a good amount of freedom given to the citizens to fight against the wall streets of the world so that equality could be reached a bit more easily. Germany is already good in that regard, they do not need to fear crypto at all.
July 02, 2021, 12:42:25 AM
20% invested in crypto is still a good thing and I think that's worth the wait for many crypto users for Germany to invest in crypto, I am not trying to jinx anything but the prices bitcoin and other cryptocurrencies will definitely go up this month.
I do not know if it will be this month or not, but we are seeing a lot of news like this that is bulish for bitcoin. I think that even though some people are bearish on the price lately, when the price really starts to rise, we're going to hit $100k in no time.
July 01, 2021, 10:15:26 PM
I know that they have the laws in regards to being involved in the cryptocurrency space and that they require registration etc. So I'm not that surprised that they are going to be investing their money into crypto. I believe as long as they are putting up more application and investments towards cryptocurrency, it's going to be better for everyone of us involved in this space.
Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents. 
July 01, 2021, 09:54:20 PM
cryptocurrencies will definitely go up this month.
There is no definite, odds are improved some. Im glad the German people regained some freedom on this. I'll say of investment funds they tend to move slowly, 18 months to 6 years can be how slow it will transition because thats the investment cycle of results vs market capital. People obsess on hedge funds and all kinds of traders out there but the majority of funds are old money moving slowly and in a moderated way.
Also alot of people only invest as they earn and they only add small amounts, its less speculative and leveraged in that way and more certain in elected funding. Its a good and bad thing, takes time to do, just as well as thats my view of crypto returning upwards.
July 01, 2021, 08:57:31 PM
I know that they have the laws in regards to being involved in the cryptocurrency space and that they require registration etc. So I'm not that surprised that they are going to be investing their money into crypto. I believe as long as they are putting up more application and investments towards cryptocurrency, it's going to be better for everyone of us involved in this space.
July 01, 2021, 08:50:27 PM
Despite the problems with Binance, Germany still doesn't seem like it is against cryptocurrencies. It's good to hear actually. After allowing the investment funds, I can't wait to see them making investments also. Maybe it isn't gonna be affective on crypto prices. But it is always a good thing for sure. It can help the market come to life again.
They have been pro-bitcoin since 2017, you can see the number of cities that accepts crypto or at least have a bitcoin ATM:
https://www.statista.com/statistics/1224741/firms-with-crypto-payment-solution-germany-city/
Yeah, it didn't put a dent on the price though, on the contrary the price dip in the last 48 hours. For sure maybe not everyone hear this news. So it might take time to digest this news and let investors read between the line. The price is still cheap, maybe it's a good time to buy bitcoin right now and hold and wait for other good news to come before the end of the year.
July 01, 2021, 08:20:54 PM
Even with this good news can't take bitcoin to reach more than $40000 which mean we shouldn't really believe a news can make a coin skyrocket after it posted. Idk , but what i seen we will entering bear market because on covid pandemic still on here and the case even larger than before, just back on March 2020 when crypto market crashed too
Then we will have to wait and see the effect of this news, it's not gonna be like in a blink of an eye the price will go up to $40k. Now investors are in. waiting game, or maybe some shift their investments to altcoins to make a quick profit for pump and dump.
Covid-19 effect is lessen now, we are almost back to normal, at least on some countries wherein the population is getting vaccinated everyday. It's just the mentally of investors are currently undecided.
July 01, 2021, 03:30:53 PM
I was thinking if I should post in Press or here, but I find it more appropriate here.
The news is rather old (April), but it's tomorrow when the act comes into reality.
Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro tomorrow, but it's a good news and a good start.
The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
The news is rather old (April), but it's tomorrow when the act comes into reality.
Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro
tomorrow, but it's a good news and a good start.The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
I saw today that the fund that George Soros controls also applied for and was granted permission to invest in cryptocurrency today. It seems like even more institutional money is preparing to flow into it, but I suspect that they will be chasing smaller altcoins rather than Bitcoin which has a lot less room for growth than others. They might also be interested in the short selling side of trading if they're able to find a counter party to the transaction. In general it should be good to have more buyers, as it should ultimately make cryptocurrency more stable if more interested parties will be holding on to it for longer periods of time.
July 01, 2021, 02:15:55 PM
This is basically the way to go, because Germany is a smart nation that has been always doing financially solid stuff as well.
At times I do start to realize why Germany had that whole ubermensch idea even though I am not German myself, did it veeeeeery wrongfully of course with Hitler, but the idea of Germans being better than others does have a merit compared to nearly 200 nations, maybe arguable about only less than 10 nations. Why? Because they have always done the right thing, this is the nation that came out of world war two as the losers and lived apart as two different nations with a wall, and look at them now, they literally had extra money left instead of have a deficit, it is that kind of nation now. Of course they will be the first big nation to get crypto to a higher degree acceptance because they know how important it can be for a nation to be first in innovation.
At times I do start to realize why Germany had that whole ubermensch idea even though I am not German myself, did it veeeeeery wrongfully of course with Hitler, but the idea of Germans being better than others does have a merit compared to nearly 200 nations, maybe arguable about only less than 10 nations. Why? Because they have always done the right thing, this is the nation that came out of world war two as the losers and lived apart as two different nations with a wall, and look at them now, they literally had extra money left instead of have a deficit, it is that kind of nation now. Of course they will be the first big nation to get crypto to a higher degree acceptance because they know how important it can be for a nation to be first in innovation.
July 01, 2021, 10:25:14 AM
most important of all is that this is a start. we can't expect the mass adoption to happen in one day. it has to be slow and start by little moves like this. this is also giving people a lot of confidence for investing in bitcoin since the government is now practically approving bitcoin's legitimacy as an investment so a lot of people who had believed the FUD until now will learn the truth and will look to invest in bitcoin.
July 01, 2021, 09:53:01 AM
I wonder what the figure is just on this first day of the implementation. Does it highly speak of anticipation from the German people? Or is the excitement largely felt only from the side of Bitcoin fans from other parts of the world?
But perhaps the most important point is that Bitcoin is now being accepted by no less than Germany, a highly advanced country with a large economy. It means a lot to Bitcoin and its reputation. Perhaps the bigger reward will be brought by the ripple effect of this one.
But perhaps the most important point is that Bitcoin is now being accepted by no less than Germany, a highly advanced country with a large economy. It means a lot to Bitcoin and its reputation. Perhaps the bigger reward will be brought by the ripple effect of this one.
July 01, 2021, 09:21:48 AM
Even with this good news can't take bitcoin to reach more than $40000 which mean we shouldn't really believe a news can make a coin skyrocket after it posted. Idk , but what i seen we will entering bear market because on covid pandemic still on here and the case even larger than before, just back on March 2020 when crypto market crashed too
The news is good and big, and that is what it is, even if it doesn't spontaneously affect the present price that much in the short period, it could play a part in mainstream adoption in the long period, I don't really think users are expecting the price to spike just immediately there's a positive news about Bitcoin in the media, only short term investors who want to 'get rich quick' expect the network to move in such direction.Having said that, I don't think we can expect a bear market just yet, and even if we're to, it wouldn't be as a result of the pandemic, cause back when the pandemic "shed it's milk teeth" early last year, Bitcoin only fell momentarily, and was somewhat among the very few assets that were resistant to the crumbling effects of the pandemic.
July 01, 2021, 08:59:54 AM
That is a really good start wow,,, 20% of funds is a huge amount. Like you said it will not be 20% of 1.8 trillion but imagine even 1% of that is 18 billion. And if that starts, then retail will for sure follow. I guess it will mainly be for Bitcoin/Ethereum though, or maybe even stablecoins for spread investments?
July 01, 2021, 08:42:20 AM
Even with this good news can't take bitcoin to reach more than $40000 which mean we shouldn't really believe a news can make a coin skyrocket after it posted. Idk , but what i seen we will entering bear market because on covid pandemic still on here and the case even larger than before, just back on March 2020 when crypto market crashed too
July 01, 2021, 08:01:00 AM
Quote
Jochen Schenk, Vice President of the Central Real Estate Committee (ZIA) shares this assessment, albeit for different reasons. Above all, he regrets that this means that private capital can no longer be channeled into urgent infrastructure and sustainability investments.
Yep,the German investment funds won't invest in infrastructure and sustainability investments.
They will gamble with cryptocurrencies,because the profit margins are bigger.
There's nothing wrong with that.I assume that the institutional investors got tired of the low profit margins,provided by stock trading,so they are focusing their efforts on the cryptocurrency markets.
The fact that German investment funds will be allowed to put 20% of their capital into crypto doesn't mean that they will do so.
July 01, 2021, 06:41:39 AM
20% is looking pretty big already imo. Even if they don't use the max 20%, even 10% is more than enough to return actual profits to them, and imo, is pretty big if they play it correctly. I hope this sparks interest for other nearby countries to consider investing once they see the advantage (hopefully) that Germany would receive with this move. Not to mention that this could potentially bring up the price in the short term, letting them profit quite a bit just from actually entering the market. Still depends if their entry actually moves it though (which I hope it would, we've had enough FUD for the past few weeks now).
This at least is positive news, while some countries are prohibiting the use of crypto, Germany is more open with it, allowing its citizens to invest legally. If there will be positive feedbacks from the users who will avail of this service, high likely that it will spread to their neighboring countries. And maybe, those countries which are still totally negative towards bitcoin or crypto, will change their perspective on handling these new digital currencies.
July 01, 2021, 06:23:29 AM
20% is looking pretty big already imo. Even if they don't use the max 20%, even 10% is more than enough to return actual profits to them, and imo, is pretty big if they play it correctly. I hope this sparks interest for other nearby countries to consider investing once they see the advantage (hopefully) that Germany would receive with this move. Not to mention that this could potentially bring up the price in the short term, letting them profit quite a bit just from actually entering the market. Still depends if their entry actually moves it though (which I hope it would, we've had enough FUD for the past few weeks now).
July 01, 2021, 06:16:26 AM
This is already a positive news that Germany to invest 20% . This will surely create an interest to join in the European zone. Germany being the voice that is strong in Europe both in technology and economy, it won't be hard for other European countries to toll this line.
What 20% of exactly they are investing though, I am kind of confused with the number put out in the OP so I am not sure if I can call it a big positive news but a positive news nonetheless. I think with this move by Germany, they will probably influence neighboring countries to do the adoption too. 
July 01, 2021, 05:55:51 AM
Quote
Jochen Schenk, Vice President of the Central Real Estate Committee (ZIA) shares this assessment, albeit for different reasons. Above all, he regrets that this means that private capital can no longer be channeled into urgent infrastructure and sustainability investments.
Yep,the German investment funds won't invest in infrastructure and sustainability investments.
They will gamble with cryptocurrencies,because the profit margins are bigger.
There's nothing wrong with that.I assume that the institutional investors got tired of the low profit margins,provided by stock trading,so they are focusing their efforts on the cryptocurrency markets.
The fact that German investment funds will be allowed to put 20% of their capital into crypto doesn't mean that they will do so.
July 01, 2021, 05:46:37 AM
This is already a positive news that Germany to invest 20% . This will surely create an interest to join in the European zone. Germany being the voice that is strong in Europe both in technology and economy, it won't be hard for other European countries to toll this line.
July 01, 2021, 05:10:47 AM
Full 20% or not, the mere fact that they are legally allowing the funds from the government to be channeled into crypto investments is already a huge win. This may even spark a chain of events prompting other countries to do the same if Germany's example will be fruitful. While a lot of countries are still banning and tightening their regulations related to bitcoin and crypto, other progressives such as Germany pushes further into the uncertain path, becoming pioneers of the trend.
July 01, 2021, 04:55:14 AM
This is certainly very exciting news.
I think that a lot of funds with really long time horizons such as pension funds would jump at the opportunity to invest in a store of value asset class like BTC that also has long term growth potential. It's also incredibly tax efficient given that you don't have any distributions to pay dividend income tax on.
Hopefully a lot more countries follow suit. A lot of the underperformance of big funds is really caused by these hawkish regulations that demand a certain percentage of bond holdings that bear negative to zero interest that is completely unwarranted.
I think that a lot of funds with really long time horizons such as pension funds would jump at the opportunity to invest in a store of value asset class like BTC that also has long term growth potential. It's also incredibly tax efficient given that you don't have any distributions to pay dividend income tax on.
Hopefully a lot more countries follow suit. A lot of the underperformance of big funds is really caused by these hawkish regulations that demand a certain percentage of bond holdings that bear negative to zero interest that is completely unwarranted.
July 01, 2021, 03:56:47 AM
I agree, at least Germany being one of the leading crypto friendly in Europe are still at it, even though some of its neighbouring countries are against bitcoin. 20% is a good ball park number to start it, at least they can adjust depending on the market sentiments and how their investors are willing to invest in a volatile market. So welcoming news indeed, and just like what we wanted, hope that some governments in Europe follow as well. It's a win-win situation anyways, so they might as well dig their hands on the cookie jar.
July 01, 2021, 02:32:31 AM
20% invested in crypto is still a good thing and I think that's worth the wait for many crypto users for Germany to invest in crypto, I am not trying to jinx anything but the prices bitcoin and other cryptocurrencies will definitely go up this month.
June 30, 2021, 11:37:49 AM
I was thinking if I should post in Press or here, but I find it more appropriate here.
The news is rather old (April), but it's tomorrow when the act comes into reality.
Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro tomorrow, but it's a good news and a good start.
The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
The news is rather old (April), but it's tomorrow when the act comes into reality.
Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro
tomorrow, but it's a good news and a good start.The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
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