What would be your reaction or opinion to this one guys? You think that cryptocurrencies would really save them next year?
The government is the one whose really responsible for negative interest rates. They want the GDP numbers (which most economist look to determine the country's economical performance) to be higher, thus making them look appealing to the people by forcing the population to
spend their funds by making it worse on storing them on bank accounts. Negative interest rates are nothing special to inflation rates, since both have the objective to force people into using a currency, further boosting the economy and prevents the idea of hoarding totally, killing a currency if not used.
I personally think central banks want to
adopt cryptocurrencies, but with
different approaches. Some want to adopt existing cryptocurrencies, such as Bitcoin and other altcoins, to be a tool for them to
profit more money out of innocent investors, advertising it heavily to hoard more money and let people invest on a risky, volatile currency, and of course with their fees and such.
Some banks, those heavily controlled by the government, such as in China, makes their
own government-backed cryptocurrency. Given the fact that China is a Communist country, they want almost everything under their radar, and
monitoring population's purchases throughout is one agenda they wish to achieve. Such agenda is also the cause why cash restrictions are already implemented, since cash gives some anonymity.
I'm not sure how the banks would adopt cryptocurrencies, but it seems that going directly to cryptocurrency and investing some funds would be beneficial. 2020 could be the year of Bitcoin, with halving on the way (lower supply generation together with another hype train), together with advancements in the Lightning Network, could potentially attract some investors, and if all things go well, could scale a little bit more with LN, making it a potent alternative currency for people to use.
