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Quote from: velive08 on July 24, 2021, 01:48:28 PM

maybe many people don't believe that Germany will adopt crypto in large numbers. I didn't believe it at first because many projects from Germany failed and it seems Germany is one of the countries that doesn't support crypto. But things are changing now that Germany is officially providing entry opportunities into crypto.
so everyone doesn't know this news yet, don't judge people and please understand because not everyone is updated about this news in germany.

The thing is that 415 billion dollars is a HUUUUGE number, even though there has been news about it, I am sure we would only believe it happened if we actually saw the impact of it. I keep saying that if 1.5 billion dollars of tesla made bitcoin go up so much, if the 415 billion number was true then we would have seen bitcoin over 500k already, how? 1.5B from tesla caused it to go from 30-35k back in the day towards nearly 45k, that is when it first happened, I do not get why would we not increase to 500k with 415 billion if that was just 1.5 billion, there is roughly 415 billion difference.

So at the end of the day, if something as gigantic as that, something nearly 300x more than the biggest investment we have seen so far, should have taken it to 500k easily, but it didn't, not only that we had nearly zero change, just regular market movements. So how could we believe it actually exists? Or invested?

Well, there is no need to verify it as a simple Google search will show that that law has actually been passed. What's more true is that the impact of it remains to be seen as you say. Yes $415 billion are ready to go into crypto investments, but it is unclear who will make use of that opportunity. Whether it will even be a substantial number at all. Would be awesome for all of us, but we'll find out right.

I don't know how eager the German special funds are to pour money into crypto, but I believe that at least some money of the approved amount of $415 billion will find its way into the crypto market. I guess that those investors who provide their assets to be managed by those funds also want some exposure to this brand new market. But I don't think we should expect the whole sum to go into crypto. Maybe over the time span of a couple of years, but certainly not at once.

That is what I would expect as well. It is approved for sure, but in the end it also depends on the investors who gave their money and put it under management of those funds. Not being exposed to crypto at all could be a big mistake so I expect some of it go into crypto. Maybe in a few years from now those funds will use the whole approved amount to invest in digital assets, but not immediately.

That's what I would say as well, the investors who are part of these funds will probably ask the managers of those funds to get into crypto at least a little bit. Nobody wants to miss that boat and with the legitimization via a law the investors might be even more interested in getting into this new asset class. By now everyone who participates in market knows about Bitcoin and other cryptocurrencies.