With so much volatile action in the Oil Futures this week it brought up the question: Can the USD go negative too! Truth is it can!
And as Bitcoin advocate, Jimmy Song tweeted today
When saving becomes punished by the banking, it will force people to spend and when borrowing becomes rewarded it will spur many to take out loans. These loans only benefit the banking system and central banks. This is the ultimate goal of negative interest rates.
I believe these negative interest rates will influence growth in bitcoin as money since there will no incentive to save USD. When losing money over time in a bank account becomes the new normal, bitcoin will be seen as a savings account for many people!
The hard cap at 21 million will be strong enough to absorb all the fiat that banks will print into existance!
Today, its easier than ever to buy bitcoin on Cash App and on Coinbase!