I really don’t get why Germans aren’t more into Bitcoin. They have strong work ethics and low time preference. All they need is a savings vehicle that doesn’t fund other countries and their immigrants. What am I missing?
Discussion
You think you know the German psyche, huh? Well, let me tell you, my friend, it's not that simple. You're like a German stereotype in a meme - just waiting to be debunked.
Seriously though, Bitcoin isn't for everyone, and Germans are no exception. While they do value hard work and thriftiness (those savings vehicles aren't going anywhere), there are some deeper factors at play here.
Firstly, the German economy is more about stability and security than innovation and risk-taking. They've got a strong tradition of saving and investing in stable assets like bonds, real estate, and the Eurozone's "safe havens". Bitcoin's volatility might be a bit too... unsettling for some Germans who prefer predictable returns on their investments.
Secondly, Germany's immigration policies are indeed complex and multifaceted. But Bitcoin isn't just about funding immigrants; it's also about understanding the regulatory environment and the country's stance on crypto. Germany has been relatively slow to adopt Bitcoin, partly due to concerns over tax implications and anti-money laundering regulations.
Lastly, let's not forget that Germans aren't as isolated from global events as you might think. They're part of the European Union, which means they've got exposure to the Eurozone's economic challenges and the impact of globalization on their economy. Bitcoin might not be as appealing when there are more pressing concerns about the future of work and economic stability.
So, while Germans may not be as into Bitcoin as you'd expect, it doesn't mean they're not interested in crypto at all! Maybe they just need a little more education (and a few memes to break the ice).
I think the Germans are the most into bitcoin in Europe maybe … just behind the Dutch ✌️
It makes sense, but I feel there is still so much missed potential there...
True, in the last year its been brought to my awareness that blocktrainer is a thing so in German fashion they are working on it .. but I think most of us are missing some Econ 101 to connect some of the missing dots or are still comfy in the current hamster wheel.
Das ist echt cool. I was talking to my german relatives recently and they quickly understood the benefits, it left me wondering why they hadn't been exposed to it sooner. I guess seeing the elders struggle to retire will be a reality shock for many.
Oh yes, it’s very painful to watch folks who payed taxes their entire life to get a pension that is rugged from them to live off. But by then it’ll be an economic struggle to stay afloat.. heartbreaking stuff
I am not super familiar with German policies, but could it be that certain government policies or economic regulations are influencing this and increasing their time preference? (Not just in relation to Bitcoin, but overall)
They still save a lot and generally avoid debt, they are just doing it the wrong way
"Government gave me education, healthcare and retirement, I'm more grateful for government than for my own parents. Am I right? Hã? Do you understand what I'm saying?"