Source: https://cointelegraph.com/news/survey-three-out-of-ten-germans-are-considering-crypto-investing
The survey of over 3100 Germans tell an pro-crypto outlook as 30% of German are willing to consider crypto’s as an investment.
If that;’s is true, what do you think that means? A little buying pressure? I would think so.
This survey comes at impeccable timing as we learn this week of a potential Italian Bank problem that is now a political problem and the Italian people don’t want to pushed around by the European Central Bank. The ECB will say “we will buy your bank debts — but you have to raise taxes on the people and cut expenses”. Either way it’s tough for Italy.
When people “don’t want your debt — you have to raise your rates to attract investors” — here is Italy over the weekend.....OUCH
CAUTION — Financial Instruments called “derivatives” DO NOT handle these movements well at all — this is NOT GOOD.
What does Italian Banks have to do with Germans? The largest ECB Bank — Desutche Bank is the largest derivatives holder in the world perhaps. So ...if Italian Banks “sneeze” and Deutsche Bank catches a “cold” —- it is a MAJOR problem for ALL banks int he world.
And investors know this for some time...look as investors are fleeing:
So ...if you are in Germany today and this news comes out like it did over the weekend, I say that the % of people interested goes up at lest 10% to 40% —- they need to divesify.
The Italian debt market is the 4th largest in the world, but only 2-3 of the worlds debt — but it’s like domino’s folks and you never know a banks true exposure until there is a bank failure.
Remember Lehman Brothers in the US financial crisis in 2008. It doesn’t are much.
Do you see why cryptos went up today ?