Post
Topic
Board Bitcoin Discussion
Re: Delta Financial Offers Interest-Bearing Bitcoin Accounts
by
BitCoinDream
on 27/06/2014, 14:53:52 UTC
So. Financial institutions are beginning to take the tack of, "If you can't beat 'em, join 'em." Good, bad, ugly? http://www.coindesk.com/delta-financial-offers-interest-bearing-bitcoin-accounts/

Bitcoin is a deflationary currency by nature and it is still in its early infancy. As per current price, it has rose 600% in last 4 years. Storing bitcoin at some institution even for some 7% return is utter foolishness and risking one's own wealth. Should be avoided at any cost.

p.s. I dont get the fact why CoinDesk covers this kind of businesses on a +ve note !!!