As noted, Draghi's last move at the head of the ECB was to impose negative rates on bank deposits with the European central bank; the aim was to encourage the banks to invest the money and lend it since the money transmission chain is blocked and the banks instead of lending to the citizens until now have preferred to park the money in the ECB. What few have shown is that the banks are basically forced to do so because of a series of mechanisms, about which we do not enter, but which in practice force them to set aside liquidity to protect themselves from certain systemic risks; with Draghi's latest move, however, these provisions now suffer negative interest, which means, trivially, that banks must pay to deposit funds with the ECB, whereas before they made an interest. Many observers had reported that this would have led the banks to relieve these costs on account holders and in fact it is exactly what is happening; in Germany the banks are starting to apply negative rates indiscriminately to all account holders. The result is that the small saver, now, in addition to seeing the purchasing power eroded by inflation, is also forced to pay the bank for his deposits; this hits hard above all those who live must work and who, having low liquidity, have never dreamed of investing but have simply set aside savings on the account so as to have a small hoard of money to face the "cow" periods lean. "

All these people now find their savings besieged, between inflation, commissions, account maintenance fees and negative interest - practically keeping their savings at a bank has become suicide. In recent days, numerous local media sources are reporting that, especially in northern Bavaria, banks are starting to charge 0.5% of negative interest even on smaller deposits; while previously these negative rates were applied only to current accounts with deposits exceeding 100 thousand euros are now applied indiscriminately to all. The way in which all this will impact on bitcoin is obvious; net of the volatility, which currently keeps so many people away, soon even the less knowledgeable will understand that there are phases of the market in which accumulating bitcoins is extremely advantageous and in which to set aside their savings in BTC not only allows you to get rid of the expensive costs banking (including negative interest rates) but also to see its own savings revalued thanks to the effect of volatility. I give you a concrete example so that we can understand each other better, who in 2017 (like myself) bought bitcoins under $ 3000 not only never went into the red but continued to see their savings protected even in the middle of the bear market of 2018; as ordinary people begin to understand this dynamic, bank collection will begin to decline and the savings of ordinary people will begin to flow into bitcoins. All this is quite paradoxical, while global financial institutions claim to be worried about the impact that crypto can have on world economic stability put in place policies that do nothing but strengthen the cryptocurrency market; ahead of this step the adoption of bitcoins in Europe in the coming years could receive a huge boost precisely from the policies of the ECB with effects that anyone can imagine on the price of bitcoins that, inevitably, would end up skyrocketing.