Gold Bullion International founder Dan Tapiero believes that negative rates on U.S. bonds could be a "mega-bull" signal for Bitcoin.
"Negative deposit rates have emerged in the US. Semiannual US Treasury Bonds now have a negative rate. So you're the one who has to pay the U.S. government for buying the bond. And the rates will be lowered further. This is confiscation of money and it's bad, but it's necessary to stabilize the system. A megabyte sign for Bitcoin," Tapiero wrote on Twitter.
According to the founder of Gold Bullion International, Americans will now have to keep the money under their mattresses. Especially given the US Treasury Department's quantitative easing policy. On the other hand, it may encourage Americans to invest in non-traditional assets, such as crypt currencies.
Yesterday, the rate of the first crypt-currency showed a significant recovery from the fall last week. Bitcoin rose by 15% and consolidated above $6,200. Today, the growth of the first Cryptovite continued and at the time of publishing, BTC is trading at $6 500.
The other day Chainalysis researchers reported that during the fall of the cryptovoltaic market the inflow of BTC to the stock exchanges increased 9 times, but in the near future the coin rate will remain stable.
Comments
Post a Comment