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The central banks of the Eurozone, Switzerland, Sweden, and Japan have set negative short-term interest rates, and in the U.S., the president has threatened to
by Bostonian 7y ago
The central banks of the Eurozone, Switzerland, Sweden, and Japan have set negative short-term interest rates, and in the U.S., the president has threatened to demote the chairman of the central bank if he does not cut interest rates. This may explain increased interest in alternative currencies.
- xtracto 7y agoThis right here is I think the best argument. Cryptocurrencies are going to be an escape to tumbling economies in the next 2 years. It does not matter if gold or other instrument is better, crypto is super accessible now, and is what people will use. Having lived in different countries in Europe and the Americas, Ive experienced first hand the difficulty in "buying gold". Not only that, even when buying any instrument, usually it means trusting in some 3rd party to manage it. While using a crypto wallet means only you have the private key.
- jshaqaw 7y agoAnd yet there is no inflation. So the currency debasement yielding to hyperinflation argument which has been running since 2008 remains without any evidence.
- roboys 7y agoThere is inflation, it shows itself in asset prices. You are also skipping a step, the currency debasement and resulting loss of global reserve status leads to hyperinflation.
- ozim 7y agoThat was what I checked today, because ECB was supposed to rise interest rates around June/July. So it will not happen and I just got emails about my savings account going to lower their rates. For now I am good with not having negative rates but it is going to increase housing bubble we have now. So new crypto bubble is IMO in the same boat with housing.