Germany is about to allow legally the funds to invest in crypto, from July 1st

[crwth]

I know that they have the laws in regards to being involved in the cryptocurrency space and that they require registration etc. So I'm not that surprised that they are going to be investing their money into crypto. I believe as long as they are putting up more application and investments towards cryptocurrency, it's going to be better for everyone of us involved in this space.

[STT]

cryptocurrencies will definitely go up this month.

There is no definite, odds are improved some. Im glad the German people regained some freedom on this.   I'll say of investment funds they tend to move slowly, 18 months to 6 years can be how slow it will transition because thats the investment cycle of results vs market capital.   People obsess on hedge funds and all kinds of traders out there but the majority of funds are old money moving slowly and in a moderated way.
   Also alot of people only invest as they earn and they only add small amounts, its less speculative and leveraged in that way and more certain in elected funding.   Its a good and bad thing, takes time to do, just as well as thats my view of crypto returning upwards.

[rhomelmabini]

I know that they have the laws in regards to being involved in the cryptocurrency space and that they require registration etc. So I'm not that surprised that they are going to be investing their money into crypto. I believe as long as they are putting up more application and investments towards cryptocurrency, it's going to be better for everyone of us involved in this space.

Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents.

[Poker Player]

20% invested in crypto is still a good thing and I think that's worth the wait for many crypto users for Germany to invest in crypto, I am not trying to jinx anything but the prices bitcoin and other cryptocurrencies will definitely go up this month.

I do not know if it will be this month or not, but we are seeing a lot of news like this that is bulish for bitcoin. I think that even though some people are bearish on the price lately, when the price really starts to rise, we're going to hit $100k in no time.

[beerlover]

They have been pro-bitcoin since 2017, you can see the number of cities that accepts crypto or at least have a bitcoin ATM:

https://www.statista.com/statistics/1224741/firms-with-crypto-payment-solution-germany-city/

Yeah, it didn't put a dent on the price though, on the contrary the price dip in the last 48 hours. For sure maybe not everyone hear this news. So it might take time to digest this news and let investors read between the line. The price is still cheap, maybe it's a good time to buy bitcoin right now and hold and wait for other good news to come before the end of the year.

It is not easy to be a fully supportive of crypto when you have a currency that is getting less and less valuable and a nation that has worse and worse economy. However Germany has none of those, they have a currency that is doing better, and they have a nation with probably the best finances in all of the world, they gave zero deficits ffs (before pandemic) that is enough.

So long story short Germany is not afraid of bitcoin because they know that it wasn't created to hurt nations and governments like theirs, it was created against nations like USA where rich get richer thanks to politicians and poor get poorer because of the same government, with crypto there is a good amount of freedom given to the citizens to fight against the wall streets of the world so that equality could be reached a bit more easily. Germany is already good in that regard, they do not need to fear crypto at all.

[crwth]

Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents.

I do think it's the best approach by everyone. It's all about setting out samples towards everyone in the world that it's doable and beneficial to everyone. They are setting standards within other aspects in other industries, so why not the financial space, right? At least that's what I think why they are doing these types of things.

[Kittygalore]

Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents.

But they're not that enough because in my opinion, they aren't as influential as USA, China or Russia, they might be influential in Europe though but they aren't in the global level but that influence is still enough I think because that's still a lot of people.

[DarkIT]

I was thinking if I should post in Press or here, but I find it more appropriate here.
The news is rather old (April), but it's tomorrow when the act comes into reality.

Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro tomorrow, but it's a good news and a good start.

The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/

So it's reason for the bullish market for now.After few days, we can able to see some good price in the market. Some crypto holders will be happy for now.Because it's was total struck in the price of bitcoin.The people who brought at the recent bear will get huge profit from it now.Because today was an unexpected rise in bitcoin price.

[dunfida]

I was thinking if I should post in Press or here, but I find it more appropriate here.
The news is rather old (April), but it's tomorrow when the act comes into reality.

Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro tomorrow, but it's a good news and a good start.

The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/

So it's reason for the bullish market for now.After few days, we can able to see some good price in the market. Some crypto holders will be happy for now.Because it's was total struck in the price of bitcoin.The people who brought at the recent bear will get huge profit from it now.Because today was an unexpected rise in bitcoin price.

For those who risk when it was still cheap and consider out to buy into those times on where everybody was scared and afraid to do so or the ones who had risk out then they do really deserve on the profits that they are getting as of this moment even though the increase wasnt really that high but at least we are seeing some progress or movement.
Adoption is on the move and we have seen on how far we had able to reach out after all the years and it would be continuous since Bitcoin existence does really give out significant impact
not only on profiting matters but also in its true relevance in terms of payment system.

[ILuckyGuyI]

It'll be really nice for the market. We can see these investment funds revitalizing the market again. And they may help a little on a new rally. But I also know this kind of investments don't be very affective on the price directly anymore.

[Sterbens]

I know that they have the laws in regards to being involved in the cryptocurrency space and that they require registration etc. So I'm not that surprised that they are going to be investing their money into crypto. I believe as long as they are putting up more application and investments towards cryptocurrency, it's going to be better for everyone of us involved in this space.

Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents.

Maybe everything can be right, that Germany became a friendly country with Crypto and clearly encouraged Germany to further increase adoption of Bitcoin. But do we not look dependent on one of the countries?

Isn't the incident from China that has given learning that we must be more neutral for countries that try to find more attention. At least we have Bitcoin that does not depend on one or two certain countries that are considered giant.
Because Bitcoin's goals are global and comprehensive, in my opinion, every country that wants to adopt Bitcoin is limited to their ownership.

So it's not just a state of relaxation, a small country can also adopt Bitcoin in the same amount.
Minimalization solutions occur something that is not expected in the future as China did at the market destruction some time ago.

Isn't China actions show that infinite Bitcoin ownership has resulted in the management of frequent prices suddenly. As a sustainable Bitcoin user, we do not want such a thing to be left wandering and destroying Bitcoin's reputation in the eyes of the world.

[adaseb]

I think most of the market these days is "buy the news...sell the rumor" ever since Coinbase went live on the stock market. Just like Tesla buying over $1B worth of Bitcoin did nothing for price until it was announced that they bought Bitcoin.

Right now we are getting tons of bad news and good news and the market is trading sideways. Not going up with good news and not going down with bad news. So basically implies that we are at an inflection point.

Most likely until $40K breaks UP or $30K breaks down and stays down/up for a few days, we have no direction. Just people getting chopped up.

[Stalker22]

I know that they have the laws in regards to being involved in the cryptocurrency space and that they require registration etc. So I'm not that surprised that they are going to be investing their money into crypto. I believe as long as they are putting up more application and investments towards cryptocurrency, it's going to be better for everyone of us involved in this space.

Well, it's best to think that these government being friendly onto crypto are just gradual step for more worldwide adoptions. I mean Germany is a global leader and seeing they are that legally fine with it makes other countries think they may are out of the trend, just my two cents.

Maybe everything can be right, that Germany became a friendly country with Crypto and clearly encouraged Germany to further increase adoption of Bitcoin. But do we not look dependent on one of the countries?

It isn't like that. Germany is a big country with a lot of capital. If all Spezialfonods decided to put 20 percent of their investments in bitcoin, that would represent about a third of the total market capitalization of the cryptocurrency. Imagine what such demand would mean for the price of bitcoin.

Of course, this is an extreme case, which will probably never happen, but it's fun to think about.

[erep]

Is it true that the German state is investing 20% incrementally as the market growth effect isn't really increasing at the moment, it should have pumped up $40k but sadly that's not the case now as FUD from China continues to cause concern for many investors.

[coin-investor]

Is it true that the German state is investing 20% incrementally as the market growth effect isn't really increasing at the moment, it should have pumped up $40k but sadly that's not the case now as FUD from China continues to cause concern for many investors.

The market could have been much better if not the so many FUD surrounding the market, the medias are covering the FUD rather than the good news like this, so far the market is not yet reflecting this investment, but it will soon be, we have to lessen the FUDS so small investors will go back trusting the market again.

[Sterbens]

It isn't like that. Germany is a big country with a lot of capital. If all Spezialfonods decided to put 20 percent of their investments in bitcoin, that would represent about a third of the total market capitalization of the cryptocurrency. Imagine what such demand would mean for the price of bitcoin.

Of course, this is an extreme case, which will probably never happen, but it's fun to think about.

Therein lies the root of the problem, I agree and support the adoption that will be carried out by Germany in the future, but we also have to learn from China? remember !! each country is just doing business and fighting for the economy to be at the forefront. I hope that when Germany adopts Bitcoin, there will be no crazy intentions like China has towards Bitcoin. destroy the market, and make millions of small traders lose their minds.

we are not only thinking about adoption and adoption, but also maintaining the integrity of Bitcoin in the eyes of the world.

[poldanmig]

Is it true that the German state is investing 20% incrementally as the market growth effect isn't really increasing at the moment, it should have pumped up $40k but sadly that's not the case now as FUD from China continues to cause concern for many investors.

Right now the chinese government is still campaigning against anti bitcoin so that some good news sinks by itself, now what we need is big news so that it can hit the fud circulated by the chinese government, and if that happens i really believe the bitcoin price will pump again and make The market will improve later, the news about Germany allowing an investment of 20% in my opinion is still much small than the news about the ban on bitcoin by the Chinese government so it doesn't really affect the price of bitcoin in my opinion.

[lepbagong]

Is it true that the German state is investing 20% incrementally as the market growth effect isn't really increasing at the moment, it should have pumped up $40k but sadly that's not the case now as FUD from China continues to cause concern for many investors.

The bad news that continues to depress the movement of bitcoin is clearly very disturbing, but after Kamarin El Savador started giving good news, another good news began to emerge, hopefully it will continue. Of course, the impact can't be seen immediately, but gradually this will bring good news for the next bitcoin development to be able to move up again. we will continue to wait for the good news to return in the future, so that it will excite investors towards bitcoin.