New Bitcoin Adoption by Soros Fund Management, 650 U.S. Banks, and Germany's Special Fund

Major investors and banks are turning to Bitcoin. This will dramatically increase the number of investors with direct access to cryptocurrency without the confusing and time consuming exchange and wallet sign-ups.

It also means that movement across the fiat rails into/out of crypto become more efficient.

Institutions providing crypto custody also remove some of the risk of holding crypto. Good signs all around.

• Soros Fund Management, one of the largest investment firms in the world, can now trade Bitcoin. This follows several other major financial institutions launching Bitcoin trading. (https://seekingalpha.com/news/3711568-soros-fund-management-starts-trading-bitcoin)

• 650 U.S. banks and their estimated 24 million customers will soon have access to Bitcoin through a deal between NCR and NYDIG. (https://www.forbes.com/sites/michaeldelcastillo/2021/06/30/6-billion-ncr-opens-bitcoin-purchases-to-650-banks-and-credit-unions)

• In Germany up to 350 billion Euros can now be allocated to crypto including BTC and ETH as new Fund Location Act comes into force. (https://www.trustnodes.com/2021/06/29/germany-opens-floodgates-to-bitcoin-investing)

Photo credit: @executium