Add Deutsche Bank to the list of large financial institutions jumping back into crypto…

Deutsche Bank is the largest bank in Germany with $1.3 trillion in assets.

Last week, it applied for a digital asset custody platform license from Germany’s financial regulatory agency.

This news comes on the heels of applications for bitcoin spot ETFs from BlackRock, the world’s largest asset manager, and Invesco, another multitrillion-dollar asset manager.

The rush of institutions back into the crypto space has sent bitcoin soaring over the past week.

It’s rallied from $24,800 to as high as $30,400 – a 23% gain in just over seven days. Since January, it’s up 82% – making it one of the best-performing assets in the world.

Despite a fierce regulatory crackdown this year, bitcoin – and the entire crypto industry – continue to thrive.

That’s why Daily editor Teeka Tiwari has declared the crypto bear market is over.

Here’s what Teeka told his Palm Beach Confidential subscribers on Thursday:

[The end of the bear market] doesn’t mean we can’t see some precipitous drop like we saw back in March of 2020 when we had the pandemic, and we were down 50% in a day. If all the banks go out of business tomorrow, or if there’s a nuclear war, or if China invades Taiwan… anything can happen.

But I’m saying outside of that, this bear market is over. If you have opportunistic capital, you want to put it to work.

While the cryptocurrency bull market is set to resume, Teeka has a warning about another type of digital currency on the horizon.

According to Teeka, as soon as July 26, we could see a new digital dollar regime in America. And those who don’t prepare could end up holding worthless dollars.

But Teeka is sharing three simple steps to opt out of the dollar recall. He’s also sharing the names and ticker symbols of three picks that are directly involved in developing – or becoming an escape hatch from – central bank digital currencies (CBDCs).

He believes those picks could skyrocket. One is a $0.25 alternative investment that could make you life-changing gains once this new dollar regime begins.

The official announcement for this dollar recall could come as soon as July 26. So click here to learn how you can opt out.

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Regards,

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Chaka Ferguson
Editorial Director, Palm Beach Daily