With the world on the verge of a recession – so say the economists – negative interest will become reality for ordinary people in various countries. But what does negative interest have to do with the bitcoin?
The columnist from Bloomberg, Mike Gilbert, revealed in his column that Americans are more than ever saving money under the mattress to protect themselves from this scenario.
As he was commenting on the risks that this strategy represents, he stated that the bitcoin is a cheaper alternative than gold to make such store of value and get prepared for negative rates. See the post on Instagram:
Therefore, negative interest rates can act more as an adoption trigger of the bitcoin by increasing numbers of people.