Why Negative Interest Rates Are Even Better for Bitcoin Than Gold
In one of my previous videos where we discussed the IMF's potential plans for pursuing a policy of negative interest rates, some people asked why I thought this was so bullish for Bitcoin in particular, as opposed to something else like gold (which would also benefit greatly from negative rates).
So in this video I wanted to explain why I believe that negative interest rates are better for Bitcoin than Gold.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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I’m not sure if to many people will use bitcoin to buy a coffee although some other type of crypto currency most definitely. Thanks mike
Obviously, this will only accelerate the destruction of the current economic system.
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Another way to look at it is that negative interest rates make you pay to store your money (almost like gold in some form) whereas bitcoin can be fully controlled by the individual.
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I do agree that negative interest rates are better for Bitcoin... I can't wait to see lightning network and people using small amounts of satoshis to pay a coffee.
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Laurethmus I'm the one with the whole Puri Mikenvite
It seems pretty well i agree with your opinion here
A negative rate is always interesting, I like to associate with more of pessimistic people since they always see things from opposite directions, they are the type you can own and they would have forgotten. Being pessimistic about bitcoin rate is good because, once the price boom it will surely come as a surprise them.