Germany is becoming a country that is increasing interest in adopting crypto with a new law that will allow funds such as Spezialfonds to invest and manage up to 20% of their assets in cryptocurrencies.
At present, this is a really important event because only institutional investors have access to these funds. This means that the state gives insurance companies or various pension companies the green light and approves if they decide to diversify and invest in crypto assets.
According to information published in the daily Bloomberg, institutions in Germany manage about € 1.8 trillion, which is $ 2.1 trillion.
The new law did not escape the attention of various experts, and one of the first to comment on this situation was Tim Kreutzmann, who thinks that the funds will be more careful at first.
Most funds will initially stay well below the 20% mark, -- On the one hand, institutional investors such as insurers have strict regulatory requirements for their investment strategies. And on the other hand, they must also want to invest in crypto.“ said Tim Kreutzmann, an expert on crypto assets at BVI, Germany’s fund industry body
However, another expert thinks that cryptocurrencies can be very attractive for most conservative German investors, namely Kamil Kaczmarski, a financial services adviser at Oliver Wyman.