Deutsche Bank relies on Bitcoin: Investments are growing massively!

Deutsche Bank relies on Bitcoin: Investments are growing massively!

The crypto markets are currently experiencing a spirit of optimism, driven by the recent rise in the Bitcoin price to over $100,000. This has not only caused rejoicing among investors but has also sparked corporate interest in Bitcoin investments. Deutsche Bank, in particular, has taken steps to capitalize on this uptrend. Loud wallstreet-online.de The bank increased its holdings of shares in Strategy, formerly known as MicroStrategy, investing $30 million in its shares at an average price of $310. The current price of Strategy shares is $369, bringing the total value of Deutsche Bank's holdings to $217 million.

In addition to Deutsche Bank's moves, there is a strong trend in altcoins benefiting from Bitcoin price increases. Forecasts suggest that the Bitcoin price could rise above $200,000 by the end of the year. This could also lead to increased demand for the new BTC Bull Token ($BTCBULL), which rewards investors with Bitcoin airdrops if the Bitcoin price rises by $50,000. To date, over $5.7 million has been invested in the presale for $BTCBULL.

Crypto investor strategies

Another notable crypto investor is Michael Saylor, CEO of Strategy. With 553,555 Bitcoin, he is the second largest active Bitcoin investor after Satoshi Nakamoto and BlackRock. Always looking for new opportunities, Saylor plans to make more large Bitcoin purchases. Since launching its Bitcoin strategy, Strategy's stock price has increased by over 3,000%. Saylor's strategy includes issuing new company shares and convertible bonds in order not to be forced to sell when prices fall. Its commitment to Bitcoin proves to be stable, especially in times of crisis, which is supported by the approval of new spot Bitcoin ETFs, such as coinkurier.de reported.

Deutsche Bank, on the other hand, is planning a targeted expansion of its crypto services for institutional customers in the USA. This offensive is supported by a new openness in US policy, as the US Federal Reserve reversed a regulation that required banks to obtain special approvals for crypto activities. In the future, Deutsche Bank wants to focus on custody, trading and tokenization, but without offering direct crypto payment functions for private customers.

Market analysis and trends

Bitcoin dominance is currently at a four-year high of almost 65%, while altcoins only make up 35% of the total market capitalization. This high dominance is also due to the fact that institutional investors have invested billions in Bitcoin over the last 18 months. Despite short-term bearish signals, the medium-term trend remains bullish above the golden ratio at the 50-month EMA. Bitcoin price recently reached resistance at around USD 97,000 and could correct to USD 83,000 if the support at USD 89,000 is broken.