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The Bank of England considers negative interest rates, Winklevoss says “this is the best Bitcoin advertisement”
This week Bloomberg reported that the Bank of England, the Bank of England, is discussing the implementation of negative interest rates, which the crypto industry believes is good for Bitcoin.
According to the report, a meeting minutes of the Bank of England showed that the central bank will discuss negative interest rates with banking regulators, which means that depositors must pay to store cash.
The reason for this possible policy lies in the economic impact of the quarantine policy caused by the new crown epidemic and the reality that the UK is about to reach a Brexit agreement.
After the news, Tyler Winklevoss, one of the co-founders of Gemini Exchange, said on Twitter, “The Bank of England is discussing negative interest rates. If they adopt this approach, they will pay you to borrow money. There is nothing better than this. You can take their money and invest in Bitcoin.”
Crypto analyst Tone Vays said, “Thanks to the Bank of England, this will help promote the application of Bitcoin.”
Christopher Bendiksen, head of research at Coinshares, a digital asset investment company, tweeted, “One of the most important prices in our society is determined by voting. It’s 2020 and it seems a bit outdated.”
According to a report from “Beijing” this week, the Fed also announced its recent monetary policy this week, and it expects to maintain interest rates close to 0% until 2023.
The quantitative easing policies of central banks and the economic stimulus measures of many governments will undoubtedly lead to inflation of major currencies such as the US dollar and the British pound, which will make investors seek stored-value assets such as gold and bitcoin, which will also promote the rise in the prices of these assets .