08-01-2021, 01:35 PM
Up to $400 billion may start flowing into Bitcoin from Germany on Monday
<!-- SC_OFF --><div class="md"><p><a href="https://coinjournal.net/news/german-institutional-funds-to-invest-up-to-20-in-crypto/">German institutional funds to invest up to 20% in crypto</a></p> <p>"Spezialfonds reportedly account for about €1.8 trillion (roughly $2.1 trillion) of institutional wealth, meaning that if funds allocate the 20% allowed in the new law, more than $400 billion would likely end up in various crypto projects."</p> <p>"However, according to Tim Kreutzmann, an expert on crypto at BVI, it is likely most of the funds could <em>"initially stay well below the 20% mark</em>", owing to various industry practices and expectations. Notably, the investment funds are available only to institutional investors like insurers and pension funds."</p> <p>Just a reminder, in <a href="https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601">Germany over 257 banks charge a negative interest rate</a> for deposits over $25k, so anywhere else to put your money is a safer bet.</p> <p>Okay, done my FOMO for the week.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HurrayYouReadMyName"> /u/HurrayYouReadMyName </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ovgtep/up_to_400_billion_may_start_flowing_into_bitcoin/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ovgtep/up_to_400_billion_may_start_flowing_into_bitcoin/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p><a href="https://coinjournal.net/news/german-institutional-funds-to-invest-up-to-20-in-crypto/">German institutional funds to invest up to 20% in crypto</a></p> <p>"Spezialfonds reportedly account for about €1.8 trillion (roughly $2.1 trillion) of institutional wealth, meaning that if funds allocate the 20% allowed in the new law, more than $400 billion would likely end up in various crypto projects."</p> <p>"However, according to Tim Kreutzmann, an expert on crypto at BVI, it is likely most of the funds could <em>"initially stay well below the 20% mark</em>", owing to various industry practices and expectations. Notably, the investment funds are available only to institutional investors like insurers and pension funds."</p> <p>Just a reminder, in <a href="https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601">Germany over 257 banks charge a negative interest rate</a> for deposits over $25k, so anywhere else to put your money is a safer bet.</p> <p>Okay, done my FOMO for the week.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HurrayYouReadMyName"> /u/HurrayYouReadMyName </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ovgtep/up_to_400_billion_may_start_flowing_into_bitcoin/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ovgtep/up_to_400_billion_may_start_flowing_into_bitcoin/">[comments]</a></span>Kind Regards R