The world's central banks should get ready for negative interest rates

[deisik]

Negative financial rates are only for banks. For people, they will remain plus. Perhaps this will begin reducing the cash weight and the gradual transition to cashless payments. Bitcoin also can stop its growth simply because of lack of money. View.

That's unlikely

Bitcoin can in fact stop its growth but certainly not because of lack of money (remember, the Stone Age didn't end for the lack of stones). If anything, there will always be enough fiat to fuel Bitcoin future growth for the simple reason that Bitcoin monetary supply is limited. With future growth there will less and less supply of coins (since otherwise the price wouldn't rise), and thus less fiat will be needed to push Bitcoin price higher. That's also one of the reasons we are likely to see insane volatilities quickly following price surges

[1714758756]

1714758756

[deisik]

Negative financial rates are only for banks. For people, they will remain plus. Perhaps this will begin reducing the cash weight and the gradual transition to cashless payments. Bitcoin also can stop its growth simply because of lack of money. View.

That's unlikely to happen

Bitcoin can in fact stop its growth but certainly not because of lack of money (remember, the Stone Age didn't end for the lack of stones). If anything, there will always be enough fiat to fuel future growth for the simple reason that Bitcoin monetary supply is limited. With future growth there will be less and less supply of coins (since otherwise the price wouldn't rise), and thus less fiat will be needed to push Bitcoin price higher. That's also one of the reasons we are likely to see insane volatilities quickly following price surges

[Bitcoincole]

Negative financial rates are only for banks. For people, they will remain plus. Perhaps this will begin reducing the cash weight and the gradual transition to cashless payments. Bitcoin also can stop its growth simply because of lack of money. View.

That's unlikely to happen

Bitcoin can in fact stop its growth but certainly not because of lack of money (remember, the Stone Age didn't end for the lack of stones). If anything, there will always be enough fiat to fuel future growth for the simple reason that Bitcoin monetary supply is limited. With future growth there will be less and less supply of coins (since otherwise the price wouldn't rise), and thus less fiat will be needed to push Bitcoin price higher. That's also one of the reasons we are likely to see insane volatilities quickly following price surges

Yeah! that is absolutely gain negative interest rates soon if this digital currencies performing well as soon as the investors see the difference especially the quotation of interest be the basis of evidence. Because many people would rely to the fast and easy way of trasancting with a cheapest interest of amortization.

[Razick]

The idea of widespread economic and financial changes caused by simply raising or lowering rates isn't something that I strongly believe in.

If someone decides to save money in a bank, many don't bother to check interest rates or shop around to find the savings account which pays out the highest annual percentage yield. If people want to save, they save. If they decide they want to spend, they spend. The only ones who look at interest rates to decide whether they're saving or buying or what their financial outlook and planning for the next year looks like are probably one percenters, the wealthy, the elites. The vast majority of people don't know what current interest rates are, much less what the term means.

This idea that people have where they think interest rates will have widespread consequences for normal people could be farfetched. Interest rates are treated like a keyboard that has only 1 button in it. Economists claim they can cause widespread economic prosperity or disaster simply by pressing a single button. The truth is 99% of people will buy/sell/save and don't care what interest rates are. Most people don't care about their credit rating or interest rates and many of them don't understand how either of those things affect their credit card payments, house or car loans. The only people who care about interest rates are the wealthy, thus interest rates only affect the financial/economic behavior of those who are rich.

Here we aren't talking about less interest rate but negative interest rate which means that you have to pay banks to keep your money in their saving accounts. You won't be earning any return on your saving amount but instead you need to pay bank. This will definitely have an impact on account holders. They will take their money out of the banks and will put in other assets where they can grow their money effectively. In such situations crypto world can be a good replacement and would reap the benefit.

The world's banks should get ready for BITCOIN! Bitcoin is a lot better in many ways to physical gold, and actually is divisible moreso than the USD. 1 Satoshi is currently worth far less than a cent. The ultimate goal is getting it to be worth 1 cent (FYI, Satoshi = smallest unit of BTC). If we can do this, the banks's only hope is to embrace and include cryptocurrencies in their business models.