\u201cWe\u2019ve done a report targeting institutional investors and the allocation that they should make if they care about this new asset class, diversifying their portfolios. I believe it\u2019s somewhere between 2.5% and 6.5%. So not crazy. These are the sorts of allocations they would have made to emerging new categories of assets like real estate in the 70s, emerging markets, and small-cap in the 80s and 90s.\u201d<\/em><\/p>\n\n\n\n
She believes that institutions will follow the same pattern of diversifying their portfolios with Bitcoin as they did with other asset classes in the past few decades.<\/p>\n\n\n\n
\u201cWe\u2019ve done a report targeting institutional investors and the allocation that they should make if they care about this new asset class, diversifying their portfolios. I believe it\u2019s somewhere between 2.5% and 6.5%. So not crazy. These are the sorts of allocations they would have made to emerging new categories of assets like real estate in the 70s, emerging markets, and small-cap in the 80s and 90s.\u201d<\/em><\/p>\n\n\n\n
\u201cYou\u2019ll find the building blocks of those [Bitcoin] price targets in our ARK Big Ideas 2023. And they are, for the base case, I would suggest quite conservative. We\u2019ve dialed some of them down since last year. I know that corporate treasuries pulled away from Bitcoin because the regulators were pulling them away from Bitcoin on their balance sheets. So we\u2019ve pulled back there. But we do believe that the behavior of the price through this crisis is going to attract more institutions, for example.\u201d<\/em><\/p>\n\n\n\n
She believes that institutions will follow the same pattern of diversifying their portfolios with Bitcoin as they did with other asset classes in the past few decades.<\/p>\n\n\n\n
\u201cWe\u2019ve done a report targeting institutional investors and the allocation that they should make if they care about this new asset class, diversifying their portfolios. I believe it\u2019s somewhere between 2.5% and 6.5%. So not crazy. These are the sorts of allocations they would have made to emerging new categories of assets like real estate in the 70s, emerging markets, and small-cap in the 80s and 90s.\u201d<\/em><\/p>\n\n\n\n
\u201cOne of the things that happen in a crisis is liquidity dries up so that tends to hurt assets.\" <\/em>She adds, \"Bitcoin moved in a very different way from the equity markets, in particular, was quite instructive.\u201d <\/em><\/p>\n\n\n\n
In his final remarks, he announces the allocation of $50 million towards speeding the development of the Web3 ecosystem. This development includes \"organizing major international events\" to ease and enterprise collaboration for development, as well as \"arranging a wide array of workshops for young people.\" <\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638535108255977475?s=20\n<\/div><\/figure>\n","post_title":"Hong Kong Boosts Efforts To Build A Crypto Hub; Enables Bitcoin ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-boosts-efforts-to-build-a-crypto-hub-enables-bitcoin-etfs","to_ping":"","pinged":"","post_modified":"2023-04-10 17:14:27","post_modified_gmt":"2023-04-10 07:14:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10570","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10574,"post_author":"15","post_date":"2023-03-24 18:18:13","post_date_gmt":"2023-03-24 07:18:13","post_content":"\n
\"The Government and the financial regulators are committed to establishing a facilitating environment to promote the sustainable and responsible development of the VA sector in Hong Kong.\" <\/em>He added that \"as of end-February 2023, Invest Hong Kong has received expressions of interest from over 80 virtual asset-related Mainland and foreign companies in establishing their presence in Hong Kong.\"<\/em> Which includes \"VA exchanges, blockchain infrastructure companies, blockchain network security companies, virtual currency wallets, and payment companies, as well as other projects on building the Web3 ecosystem.\" <\/em>
Dwpbank\u2019s offering is expected to push cryptos into mainstream adoption, according to industry experts, considering the importance of the company in the financial sector. Germany is currently considered one of the most crypto-friendly jurisdictions with favorable regulations and a fair tax regime for digital assets. Most recently, the country\u2019s second-largest bank by assets, DZ Bank, added cryptos to its asset management division.<\/p>\n","post_title":"More Than 1,200 German Banks To Offer Bitcoin Trading Through dwpbank\u2019s New Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"more-than-1200-german-banks-to-offer-bitcoin-trading-through-dwpbanks-new-platform","to_ping":"","pinged":"","post_modified":"2023-04-10 17:13:56","post_modified_gmt":"2023-04-10 07:13:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10607","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10570,"post_author":"15","post_date":"2023-03-25 15:50:57","post_date_gmt":"2023-03-25 04:50:57","post_content":"\n
Hong Kong, once a thriving financial hub, is now setting its sights on becoming a leading center for Web3.<\/p>\n\n\n\n
MLP Banking AG was the first dwpbank\u2019s affiliate to complete a bitcoin transaction using the new platform. The bank reportedly purchased bitcoin shares booked to a client\u2019s account operated by dwpbank and directly linked to the corresponding cash account - to allow orders denominated in euros to be filled instantly without transfers to separate payments accounts.<\/p>\n\n\n\n
Dwpbank\u2019s offering is expected to push cryptos into mainstream adoption, according to industry experts, considering the importance of the company in the financial sector. Germany is currently considered one of the most crypto-friendly jurisdictions with favorable regulations and a fair tax regime for digital assets. Most recently, the country\u2019s second-largest bank by assets, DZ Bank, added cryptos to its asset management division.<\/p>\n","post_title":"More Than 1,200 German Banks To Offer Bitcoin Trading Through dwpbank\u2019s New Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"more-than-1200-german-banks-to-offer-bitcoin-trading-through-dwpbanks-new-platform","to_ping":"","pinged":"","post_modified":"2023-04-10 17:13:56","post_modified_gmt":"2023-04-10 07:13:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10607","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10570,"post_author":"15","post_date":"2023-03-25 15:50:57","post_date_gmt":"2023-03-25 04:50:57","post_content":"\n
Hong Kong, once a thriving financial hub, is now setting its sights on becoming a leading center for Web3.<\/p>\n\n\n\n
MLP SE Becomes The First To Participate In The wpNex Pilot<\/h2>\n\n\n\n
MLP Banking AG was the first dwpbank\u2019s affiliate to complete a bitcoin transaction using the new platform. The bank reportedly purchased bitcoin shares booked to a client\u2019s account operated by dwpbank and directly linked to the corresponding cash account - to allow orders denominated in euros to be filled instantly without transfers to separate payments accounts.<\/p>\n\n\n\n
Dwpbank\u2019s offering is expected to push cryptos into mainstream adoption, according to industry experts, considering the importance of the company in the financial sector. Germany is currently considered one of the most crypto-friendly jurisdictions with favorable regulations and a fair tax regime for digital assets. Most recently, the country\u2019s second-largest bank by assets, DZ Bank, added cryptos to its asset management division.<\/p>\n","post_title":"More Than 1,200 German Banks To Offer Bitcoin Trading Through dwpbank\u2019s New Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"more-than-1200-german-banks-to-offer-bitcoin-trading-through-dwpbanks-new-platform","to_ping":"","pinged":"","post_modified":"2023-04-10 17:13:56","post_modified_gmt":"2023-04-10 07:13:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10607","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10570,"post_author":"15","post_date":"2023-03-25 15:50:57","post_date_gmt":"2023-03-25 04:50:57","post_content":"\n
Hong Kong, once a thriving financial hub, is now setting its sights on becoming a leading center for Web3.<\/p>\n\n\n\n
\u2018\u2018Regardless of how individual cryptocurrencies develop: digitized values will become increasingly important. That is why we are expanding our range of services in this area and aligning our portfolio more closely to the future opportunities available here,\u2019\u2019 <\/em>says dwpbank\u2019s CEO Heiko Beck, adding that bitcoin specifically provided the best pilot for the project.<\/p>\n\n\n\n
MLP SE Becomes The First To Participate In The wpNex Pilot<\/h2>\n\n\n\n
MLP Banking AG was the first dwpbank\u2019s affiliate to complete a bitcoin transaction using the new platform. The bank reportedly purchased bitcoin shares booked to a client\u2019s account operated by dwpbank and directly linked to the corresponding cash account - to allow orders denominated in euros to be filled instantly without transfers to separate payments accounts.<\/p>\n\n\n\n
Dwpbank\u2019s offering is expected to push cryptos into mainstream adoption, according to industry experts, considering the importance of the company in the financial sector. Germany is currently considered one of the most crypto-friendly jurisdictions with favorable regulations and a fair tax regime for digital assets. Most recently, the country\u2019s second-largest bank by assets, DZ Bank, added cryptos to its asset management division.<\/p>\n","post_title":"More Than 1,200 German Banks To Offer Bitcoin Trading Through dwpbank\u2019s New Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"more-than-1200-german-banks-to-offer-bitcoin-trading-through-dwpbanks-new-platform","to_ping":"","pinged":"","post_modified":"2023-04-10 17:13:56","post_modified_gmt":"2023-04-10 07:13:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10607","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10570,"post_author":"15","post_date":"2023-03-25 15:50:57","post_date_gmt":"2023-03-25 04:50:57","post_content":"\n
Hong Kong, once a thriving financial hub, is now setting its sights on becoming a leading center for Web3.<\/p>\n\n\n\n
Dwpbank stressed the importance of digital assets in the future, with a strong emphasis on bitcoin, the top crypto by market capitalization.<\/p>\n\n\n\n
\u2018\u2018Regardless of how individual cryptocurrencies develop: digitized values will become increasingly important. That is why we are expanding our range of services in this area and aligning our portfolio more closely to the future opportunities available here,\u2019\u2019 <\/em>says dwpbank\u2019s CEO Heiko Beck, adding that bitcoin specifically provided the best pilot for the project.<\/p>\n\n\n\n
MLP SE Becomes The First To Participate In The wpNex Pilot<\/h2>\n\n\n\n
MLP Banking AG was the first dwpbank\u2019s affiliate to complete a bitcoin transaction using the new platform. The bank reportedly purchased bitcoin shares booked to a client\u2019s account operated by dwpbank and directly linked to the corresponding cash account - to allow orders denominated in euros to be filled instantly without transfers to separate payments accounts.<\/p>\n\n\n\n
Dwpbank\u2019s offering is expected to push cryptos into mainstream adoption, according to industry experts, considering the importance of the company in the financial sector. Germany is currently considered one of the most crypto-friendly jurisdictions with favorable regulations and a fair tax regime for digital assets. Most recently, the country\u2019s second-largest bank by assets, DZ Bank, added cryptos to its asset management division.<\/p>\n","post_title":"More Than 1,200 German Banks To Offer Bitcoin Trading Through dwpbank\u2019s New Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"more-than-1200-german-banks-to-offer-bitcoin-trading-through-dwpbanks-new-platform","to_ping":"","pinged":"","post_modified":"2023-04-10 17:13:56","post_modified_gmt":"2023-04-10 07:13:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10607","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10570,"post_author":"15","post_date":"2023-03-25 15:50:57","post_date_gmt":"2023-03-25 04:50:57","post_content":"\n
Hong Kong, once a thriving financial hub, is now setting its sights on becoming a leading center for Web3.<\/p>\n\n\n\n
Deutsche WertpapierService Bank AG (dwpbank) is connecting the traditional securities market with the digital asset space through a new platform that could see more than 1,200 affiliated banks and savings banks sell bitcoin. <\/p>\n\n\n\n
Tokenized assets and other cryptocurrencies also to be integrated.<\/li>\n<\/ul>\n\n\n\n
Deutsche WertpapierService Bank AG (dwpbank) is connecting the traditional securities market with the digital asset space through a new platform that could see more than 1,200 affiliated banks and savings banks sell bitcoin. <\/p>\n\n\n\n
Affiliated MLP Banking AG became the first bank to test the digital platform.<\/li>\n\n\n\n
Tokenized assets and other cryptocurrencies also to be integrated.<\/li>\n<\/ul>\n\n\n\n
Deutsche WertpapierService Bank AG (dwpbank) is connecting the traditional securities market with the digital asset space through a new platform that could see more than 1,200 affiliated banks and savings banks sell bitcoin. <\/p>\n\n\n\n
Affiliated MLP Banking AG became the first bank to test the digital platform.<\/li>\n\n\n\n
Tokenized assets and other cryptocurrencies also to be integrated.<\/li>\n<\/ul>\n\n\n\n
Deutsche WertpapierService Bank AG (dwpbank) is connecting the traditional securities market with the digital asset space through a new platform that could see more than 1,200 affiliated banks and savings banks sell bitcoin. <\/p>\n\n\n\n
