Crypto

July 30, 2021

Prost, to Crypto 🍻 🇩🇪

Germany has embraced cryptocurrency. 💘 The former crypto-skeptic country will now allow certain institutional funds to invest in crypto assets. 👏

Bloomberg’s latest report says Germany’s institutional funds may now put up to 20% of holdings in cryptocurrencies, effective Monday.

These so-called Spezialfonds (special funds) can only be accessed by institutional investors, like pension companies and insurers (who manage trillions of euros).🔥

Hypothetically, what if Spezialfonds decided to allocate all 20%?? We’d see a flood of roughly €360B ($428B) into cryptocurrency. 

Related Articles

Related Articles

Dear. God. Those. Liquid. Ations.

March 5, 2024

Banks are going all in. DekaBank, one of the country’s largest asset managers, will consider investing in Bitcoin. DekaBank currently holds $403B in AUM. 

Prost, to crypto!! 🍺

Learn More About...

You Might Also Enjoy

Crypto

March 7, 2024

BlockFi Customers Rejoice!

BlockFi’s customers might finally feature a financial comeback, thanks to a deal with FTX and Alameda Research. 😍

How much? Up to $874 million, contingent on court approval. This settlement could be the lifeline for customers left adrift after the 2022 crypto upheaval.

Read It

Crypto

March 7, 2024

Crypto News In 3 Sentences – March 07, 2024

🔮 “Rich Dad Poor Dad” author Robert Kiyosaki forecasts Bitcoin hitting $300K by 2024: Citing the cryptocurrency’s rally past $69,000 following the introduction of spot Bitcoin ETFs and despite the recent 10% dip, Kiyosaki remains steadfast, advocating for investment in Bitcoin and praising its performance against the US dollar. Kiyosaki highlights its role against central banks and its potential to bring integrity back to money. Read it at Benzinga

🚫 Warren Buffett reaffirms his critical view of cryptocurrency, dubbing Bitcoin “rat poison squared”: The grumpy old man also said he wouldn’t spend $25 for all the Bitcoin in the world. Despite Bitcoin’s increasing acceptance, Buffett’s stance has been unwavering, viewing cryptocurrency as speculative and without tangible value. Yahoo! News has more

Read It

Crypto

March 5, 2024

Bitcoin Hits New All-Time High Then Someone Punched It In The Face

I’m a crypto fanatic. I am constantly observing and looking at what’s going on, and like many of you, the past couple of days, I’ve been glued to my screen or phone waiting for the news when Bitcoin hit a new all-time high. 👀

And now I need your help. Because I need someone to figure out the odds of someone like me, MISSING THE GODDAMN EVENT BECAUSE OF A DR’S APPOINTMENT.

Read It

More in   Crypto

View All

Crypto

March 1, 2024

Crypto News In Three Sentences – March 1, 2024

👀 Bitcoin ETFs Fly High Without Vanguard: The SEC’s nod to Bitcoin ETFs brings a seismic shift, yet giants like Vanguard ($VOO) stay on the bench, watching millions flow into these new funds. Despite Vanguard CEO Tim Buckley bowing out amid whispers of regret of not joining everyone else at the BTC ETF party, considering most of Vanguard AUM grew under Buckley, the no BTC ETF probably isn’t why. Probably. Maybe. From DailyCoin

🏦 Wells Fargo and BoA Embrace Crypto Craze: Speaking of Bitcoin ETF acceptance, Wells Fargo ($WFC) and Bank of America ($BAC) take the crypto plunge, offering Bitcoin ETFs to their daring clients. They join a financial frenzy alongside Schwab and Robinhood, contrasting Vanguard’s skeptical stance. Hey, maybe Wells Fargo will open crypto accounts for people who never asked them to? More from Cryptopolitan

Read It

Crypto

March 6, 2024

Seriously, SHIB People, Are You Ok?

Look at the 1-minute chart below from yesterday’s intraday price action on $SHIB. 🤯

It was one of the craziest swings of all the major market cap memecoins by far, just an insane move. And how did the Stocktwits SHIB stream react? Like you’d expect any high class degen to react: Unf*cking fazed.

Read It

Crypto

March 4, 2024

So. Damn. Close.

Unless you’ve been sleeping off some horrible life decisions from last night, $BTC is insanely close to reaching its prior all-time high. 🚀

It’s probable that by the time you read this, new all-time highs might already be in. 

Read It