European banks introducing negative interest rates — more incentives to buy BTC? : Bitcoin
Though BTC costs are extremely risky, the annual features have been constructive for many years. Just this month, following German examples, a number of Dutch banks similar to ING Bank and Rabobank determined to introduce negative interest rates on financial savings accounts for sums over 1 million EUR. Some of those wealthy individuals reply by storing their bodily money in financial institution vaults, to keep away from the negative interest.
German Banks Are Hoarding So Many Euros They Need More Vaults
To some, in fact, Bitcoin now turns into a bit more engaging. As there’s actually no finish to negative interest rates, the individuals could start to lose belief within the conventional monetary system. Is Europe maybe on the point of mass inflation?
I can inform you one factor: I am investing my risk-money in BTC and gold. Ten years from now, both funding could find yourself saving my life.