Germany will revive the cryptocurrency market. A new law enters into force

Up to $ 415bn could be pumped into the cryptocurrency market after Germany introduced new mutual fund regulations. They will be able to invest up to 20% of their assets in cryptocurrencies. 

There is no need to hide that the last weeks or even months have not brought good news for the cryptocurrency market. First "Took offense" Elon Musk, then the Chinese began to close cryptocurrency mines, which only made the opponents of blockchain technology mad to emphasize how bad - in their opinion - the future of digital money is.

Meanwhile, cool-headed market analysts have no illusions that cryptocurrencies are the future and it is worth investing in them. Example? New law, just enacted in Germany. On its basis, some investment funds (called "Spezialfond") will be able to invest up to 20% of its assets in cryptocurrencies.

Up to $ 415 billion in the cryptocurrency market

It allows it already Fund Location Act (i.e. the act on investing funds), which has been in force for a few days. Thanks to it, each of the funds can start BitQT login i start investing in cryptocurrencies. If all of them decided to invest in them amounts reaching the upper statutory limit, then overnight up to USD 415 billion of new capital would appear on the digital token market. And it must be remembered that we are talking here about the amounts that the funds currently have at their disposal. In fact, it could be much more, because of course more money flows into the funds on a regular basis. Spezialfond are the most important institutional investment instruments in Germany, which is the largest economy in the euro area and is growing regularly.

Visa: pay with cryptocurrencies at 61 million points around the world

Another financial hegemon does not care about the recent confusion and declines in the cryptocurrency market - Visa. A payment operator just hired five more people on a team dedicated to exclusively cryptocurrencies.

Visa is constantly on the offensive on the cryptocurrency payments market and is doing everything to enter it as widely as possible. Therefore, recruitment is underway for new employees who will take care of extending the offer in this field.

The company's authorities do not hide that the goal is simple and unchanging - cryptocurrencies are to be treated as fiat currencies, so also in their case all options are to be available - not only payment, but also access to assets, their transfer, etc.

Currently, Visa is in constant cooperation with 27 digital currency wallets, which translates into the possibility of paying with cryptocurrencies in as many as 61 million points of sale around the world!

In the coming months, the cryptocurrency team will focus on stablecoins and cooperation with digital currencies issued by central banks of individual countries.

George Soros enters Bitcoin

George Soros

In recent days, there has also been information that he is starting to invest in cryptocurrencies Soros Fund Management, i.e. an investment fund George Soros. This was reported by the financial news service "TheStreet".

The fund wants not only to purchase cryptocurrencies for speculative purposes, but also to invest in companies that develop blockchain technology. The first concrete talks and negotiations are already underway. The main director of investment in the fund is responsible for them, Dawn Fitzpatrick.

Already in March, he said in the pages of Bloomberg that we are just observing a "turning point" on the cryptocurrency market. However, it was not about changing rates, but about a wider adoption of cryptocurrencies throughout the market in the very near future.