Germany & Bitcoin

The Germans are coming to Bitcoin - and it's HUGE!

December 15, 2021

Orange Pilling a G7 Nation

If you become fixated on the daily movements of Bitcoin's price, it's easy to miss the enormous progress made in global adoption. El Salvador has been the most high-profile nation state making moves in Bitcoin, mainly because they have formally adopted Bitcoin as legal tender, and more recently their groundbreaking $1b Bitcoin Bond.

As a "proof of concept" few could have imagined this kind of bullish scenario merely 1 year ago - and as exciting as this is - there's something bigger brewing that hasn't attracted nearly as much attention: the Germans are coming!

Germany is No.1 for Bitcoin Nodes

Germany overtakes USA for most #Bitcoin nodes.
— Bitcoin Archive (@BTC_Archive)
11:04 AM • Sep 15, 2021

Bitcoin Accepted as an Asset Class

Germany will allow 4,000 investment ‘Spezialfonds’ — managing $1.8 Trillion - to invest up to 20% in #Bitcoin and other crypto.
Sauce: @decryptmedia
— Bitcoin Archive (@BTC_Archive)
7:24 PM • Apr 28, 2021

Multiple Bitcoin ETFs

They call them ETPs in Europe, but you get the point. Germany has multiple spot Bitcoin traded funds from CoinShares, WisdomTree, Iconic Funds and 21Shares...meanwhile: U.S. pRoTEk InVEstOrS!

German Banks Come to the Party

2 major announcements this week from German Savings banks.

Sparkasse announced that it was running a pilot projects to enable customers to buy/sell and HODL Bitcoin directly through their bank accounts.

💥BREAKING: Germany's largest savings bank planning to allow customers to buy/sell and HODL #Bitcoin
Sparkasse has 50m customers! 🙌
— Bitcoin Archive (@BTC_Archive)
10:42 AM • Dec 13, 2021

The next day Commerzbank and Volks Bank made the same announcement!

💥BREAKING: Commerzbank & Volks Bank in Germany also planning to allow customers to buy/sell & HODL #Bitcoin
— Bitcoin Archive (@BTC_Archive)
2:49 PM • Dec 14, 2021

This will give (almost) the entire country direct access to Bitcoin - no further sign-ups, KYC, picking an exchange, getting used to new platforms etc Just buy Bitcoin with a few clicks in your internet banking account!

"Try that with Gold!" ;-)

Inflation Sensitivity

You see, there once was the Wiemar Republic, and they experienced something called Hyper-Inflation. It looked a little something like this:

Given this history (and what it led to soon after!), understandably, Germans are sensitive to inflation; and guess what is happening now?

CPI Soaring...

Germany records highest inflation since re-unification at 3.8%
Buy #Bitcoin 😉
— Bitcoin Archive (@BTC_Archive)
12:21 PM • Jul 29, 2021

Wholesale Prices Soaring...

Good Morning from #Germany where #inflation pressure keeps rising. Selling prices in wholesale trade rose by 16.6% in Nov YoY, highest since beginning of calculation of wholesale price statistics in 1962. Mainly driven by increased prices for raw materials & intermediate products
— Holger Zschaepitz (@Schuldensuehner)
7:10 AM • Dec 13, 2021

Inflation Not Transitory, Economists Admit

Just Buy Bitcoin

Institutions can buy it.

People can buy it through their savings banks

Inflation is rising.

It is happening.

A G7 nation, with 83m people and $3.08 Trillion in GDP, is going down the rabbit hole.

The Germans are coming to Bitcoin!

P.S. Bitcoin gains are tax free in Germany after 12 months of HODLing.

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