From $100 to $657 Billion Inflow Into Digital Asset Market: Survey Reveals Interest From Investment Funds Due to the New German Legislation
MOSCOW, Aug. 3, 2021 /PRNewswire/ -- MINDSMITH, a tech think tank; OnGrid Systems, a blockchain and decentralized finance platforms developer; DEKIS, an interdisciplinary research group of the Catholic University of Ávila; and TigerTrade, an international trading platform, conducted a survey of experts and representatives of investment funds present in the German-speaking region of Europe, timed to coincide with the introduction of the new Fund Location Act. Starting from August 2, 2021, domestic special funds are allowed to invest up to 20% of the assets under management into crypto assets such as Bitcoin.
- Survey of 70+ DACH-focused funds, jointly conducted by MINDSMITH, OnGrid Systems, DEKIS and TigerTrade, showed that 46% are interested in digital assets and are ready to explore the digital asset market.
- Within three years, it is possible to expect an inflow from $100 to $657 billion into the digital asset market only from the DACH region.
- Starting from August 2, 2021, domestic special funds are allowed to invest up to 20% of the assets under management into crypto assets such as Bitcoin.
- Chances are high that digital euro in addition to digital dollars, digital yuan and other CBDCs will do the job.