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Dan Tapiero: Negative interest rates in the US make Bitcoin mega-attractive

Saturday, 21 March 2020

Founder of Gold Bullion International Dan Tapiero believes that the negative rates on US bonds could be a "Mega bullish" signal for Bitcoin.
"Negative interest rates have arrived in the US! 6mo t-bill at -2bps. Means you need to PAY US govt for 6mo cash deposit. Rates to go much more negative to weaken dollar. This is confiscation and it is bad but it needed for now to stabilize system. Mega bullish for #Bitcoin," Tapiero wrote on Twitter.

Negative interest rates have arrived in the US! 6mo t-bill at -2bps. Means you need to PAY US govt for 6mo cash deposit. Rates to go much more negative to weaken dollar. This is confiscation and it is bad but it needed for now to stabilize system. Mega bullish for #Bitcoin pic.twitter.com/mwgEhnXKsD
— Dan Tapiero (@DTAPCAP) March 19, 2020

According to the founder of Gold Bullion International, Americans will now have to keep money under the mattress. Especially given the US Department of the Treasury's policy of quantitative easing. On the other hand, this could spur Americans to invest in non-traditional assets such as cryptocurrencies.

Yesterday, the rate of the first cryptocurrency showed a significant recovery after falling last week. Bitcoin rose 15% and consolidated above $ 6,200.

The other day, Chainalysis researchers reported that during the fall of the cryptocurrency market, the inflow of BTC to exchanges increased by 9 times, but in the near future, the coin rate will remain stable.

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