First Mover: Bitcoin Bulls Might Get Negative Rates From Central Banks, Just Not the Fed
The Fed may remain intransigent about negative rates, but bitcoin may benefit from other central bankers who are keeping the option firmly on the table.
LINK, KNC and BAT bring the number of tokens in Voyager's interest payout program to 17.
As companies have to shift their business model to contend with low interest rates, the largest find themselves in a comparatively better situation.
A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices.
The Federal Reserve said Wednesday it would hold benchmark U.S. interest rates close to zero and continue buying Treasury bonds to support the coronavirus-devastated economy.
Traders may now be able to hedge the risks they face from interest rate payment fluctuations in perpetual contracts.
Even as Fed Chair Jerome Powell says negative interest rates are not on the cards, the remaining possibility might be rekindling traders' spirits – or at least refocusing attention on bitcoin as a hedge against inflation.