Post
Topic
Board Economics
Re: Could negative interest rates in the US boost Bitcoin?
by
jabo38
on 17/02/2015, 15:34:38 UTC
http://finance.yahoo.com/news/banks-in-europe-are-charging-to-hold-deposits--could-it-happen-here-195532627.html

YES!

The linked article talks about how a bank in Denmark is charging its customers for the privilege of holding their savings, negative interest rates. The bank doesn't pay you for your savings on deposit but you pay the bank to hold your savings secure because the market alternatives are so risky. The article speculates (very broadly) that it could happen in the US...it likely won't, but if it did guess what would provide a good alternative to traditional savings?

You guessed it...the almighty B-T-C...what an interesting turn for bitcoin that would be.

Can't this trigger a run on the banks?  Why pay them to store my money when I can just hide it under my mattress?