WHY BITCOIN RULES IN THE ‘INSANE’ WORLD OF NEGATIVE INTEREST RATES

This trend to zero is the fault of central banks. Japan, China, and the eurozone have pursued a relentless policy of monetary easing over the last decade by slashing interest rates to zero and flooding the money supply through quantitative easing (QE).

Bass thinks negative rates are probably coming to the US too. As CCN reported, President Trump is aggressively pressuring the Federal Reserve to follow

Europe towards low or zero interest rates. And former Fed chairman Alan Greenspan sees nothing to stop America going negative.

A world of negative interest rates punishes savers because your money is continually devalued by central banks.

Bitcoin is different. With a strictly limited hard cap and predictable daily output, the bitcoin supply cannot be manipulated. Central banks can’t devalue it. No-one can “print more.”

Reference: https://www.ccn.com/bitcoin-rules-insane-world-negative-interest-rates/

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Author: Neo Anderson

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