Post
Topic
Board Speculation (Altcoins)
Re: Do you believe in this information?
by
Dump3er
on 08/07/2021, 06:10:23 UTC
German Law Allowing $415B Investment Into Crypto Takes Effect..
A new law in Germany that could theoretically prompt up to $415 billion to flow into crypto takes effect Thursday.

Also read here: https://finance.yahoo.com/news/german-law-allowing-415b-investment-104546919.html?guccounter=1

The news are indeed correct. The law came into effect on July 7th and first moves could already be observed by those so called Spezialfonds. One article says that none of the 4,000 Spezialfonds wants to be the last and they are now dedicating a lot of resources to ensure to make the right decision as to which crypto assets they are going to add to their portfolio. As assets under management by those fonds is close to 2 trillion EUR, the overall sum that could go into crypto is close to 400 billion EUR.