Bitcoin is on the rise so the announcements of institutional investments have resumed. There's hope that the ATH will be surpassed before the end of the year if there will be more positive news and bullish momentum.
Even if the amount is small, it can inspire other potential investors to finally buy Bitcoin, which can in turn trigger chain reaction, like it happened earlier this year.
Yes, it's likely bitcoin will hit a new ATH soon and that another european investment funds adopt bitcoin in their portfolio because as we can see in the link shared by @stompix, this kind of adoption is only being possible because a new law passed in Germany recently allowing institutional funds to hold up to 20% of their total assets in Bitcoin.So the investment will be limited to $7 million, not bad but would have been lovely to see at least double digits, especially since we're talking about a hundred billion investment fund. My other dilemma about those "certificates", will there be a requirement for companies that offer such products to actually hold the amount of BTC, or ...the usual gold paper with a promise of payment.
Even if the amount is small, it can inspire other potential investors to finally buy Bitcoin, which can in turn trigger chain reaction, like it happened earlier this year.
The article also says about 415$ billion in Europe could be potentially converted into Bitcoin, if institutional investors adopt it, following the same trend there is now in Germany. That is indeed a lot of money, and although I believe it can become real, for now it's just speculation.
