Germany's Largest Firm Dekabank is 'Considering' Bitcoin Investment

[RSRS]

Dekabank Is Considering Bitcoin Investment
The announcement comes ahead of the implementation of a new German law on Monday that would allow Spezialfonds to invest up to 20% of their assets in Bitcoin.

In Germany, special funds are mostly utilized for institutional investments by pension funds and insurers. Dekabank would be one of around 4,000 German companies authorized to purchase Bitcoin under this new regulation.

In response to Bitcoin Magazine, Dekabank, which now manages $403 billion in assets, stated the following:

“Deka does not yet provide an open-ended special AIFs that can invest in cryptocurrency. We are now examining our alternatives, but no decision has been taken.”

Similarly, Kamil Kaczmarski, a financial services expert, said in the study that typically conservative German investors could experiment with Bitcoin at a “low level” at first, out of fear for Bitcoin’s perceived short-term volatility.

According to his estimates, it will take at least five years for the majority of the money to reach the 20% mark.

Institutional investors with access to Spezialfonds that can buy Bitcoin presently manage around $2.1 trillion.

“Most funds will initially keep well below the 20% mark,” said Tim Kreutzmann, a specialist on crypto-assets at BVI, the competence center for the German fund’s sector.

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