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Interest rates are negative - if you're saving in cash you're losing money. Everyone is happy to gamble in assets and commodities because the money has to go so
by reader_mode 6y ago
Interest rates are negative - if you're saving in cash you're losing money. Everyone is happy to gamble in assets and commodities because the money has to go somewhere and it's not like there's infinite opportunities the money can go into, so it's "to the moon" on the markets.
- epx 6y agoThis is one of the few positives about Bitcoin - if people choose to sink money into it, effectively redistributing weatlh to people that bought these useless hashes when they were sold at $100, real estate, gold and other useful things we want will not appreciate as fast as if it didn't exist :)
- imtringued 6y agoYes this is true. What people want is a less risky investment/inflation hedge and the Fed is forcing people to accept more risk. That's not a good thing because there are better ways to utilize the stimulus money.