Germany-based Asset Management Firm is Planning to Invest in Bitcoin

Germany has recently gone crypto pro. It comes with its own perks that include; the standard financial companies and asset managers are given a free hand for crypto investment, diversification of their investment portfolio, and fully exploring the Defi decentralized universe. Dekabank, one of the largest asset managers by investment volume in Germany, has recently shown some affection towards cryptocurrencies and is willing to invest in Bitcoin. This news was broken by an insider from the firm in a recent Bloomberg interview. 

The whole investment endeavour in the crypto universe is made possible within Germany due to a new law that is about to take effect on the upcoming Monday. This law permits the special investment funds to dedicate about 20% of their investment into the crypto sector, especially Bitcoin. The main use case for these particular funds is for the investment regarding the insurers and the pension companies. In effect of this new legalization, the Dekabank happens to be among the list of those 4000 lucky special investment companies who will be able to diversify their investment portfolio by investing in cryptocurrency such as Bitcoin. 

German Investors Exhibit their Interest Towards Cryptocurrencies

Bitcoin magazine approached Dekabank investigating their approach with Bitcoin purchase, to which Dekabank replied as follows:

“The bank at the moment is not offering any open-ended AIFs (alternate investment funds) to anyone so they can invest into bitcoin. Currently, the institution is still in the reviewing phase of this new decision that is about to be made, and nothing has been finalized yet pertaining to the purchase of the bitcoin or the volume of the purchase for that matter”.  According to some top-notch analysts, German investors are showing some strong responses when it comes to investing in the crypto space, and they might experiment with Bitcoin at the lowest possible level for the moment. This way, they will be able to verify if there is a market for them when it comes to Bitcoin or not before moving in the big bucks into it; this will also be able to open a portal for other altcoins to join Germany in its crypto exploration.

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