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1  Economy / Economics / Where is the value reflected? on: August 10, 2021, 08:19:14 AM
Germany allows certain institutional funds to invest in cryptocurrencies, and institutional investors can invest up to 20% of their holdings in Bitcoin and other cryptocurrencies.
https://zycrypto.com/german-law-that-could-potentially-see-415-billion-flowing-into-cryptocurrencies-becomes-effective-next-monday/
This means that more institutions will enter the market and raise the price of the currency. For example, Bitcoin can further preserve its value and achieve the purpose of anti-inflation.

German luxury Philipp Plein accepts cryptocurrency payments.
https://www.drapersonline.com/news/philipp-plein-to-accept-cryptocurrency-in-fashion-first
Many friends may not be very familiar with this brand. Before I went to the mall to buy their clothes, so for me, I was shocked by the news. I never thought they would accept cryptocurrency as the official payment method.
Therefore, I think that the future of cryptocurrency is a big trend, not an inevitable event, but a high probability event.
Philipp Plein's acceptance of cryptocurrency is also subject to risk assessment, because capitalists consider profit maximization. If they are optimistic about the market, then accepting cryptocurrency is actually a win-win situation.
  • More merchants will endorse the acceptance of cryptocurrency.
  • Merchants can earn profits from rising cryptocurrencies.
For me, I would like to see more merchants willing to accept cryptocurrency payments, but I will not use cryptocurrency for payment.
The technology of cryptocurrency has become more and more mature, and what still needs to be strengthened is the regulatory level. From the perspective of circulation, we can see whether the future of cryptocurrency is valuable.
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