Kriptokoin.com –When Trump called on the Federal Reserve to taxes people’s savings, Bitcoin (BTC) bulls were uploaded to the US president.
In a tweet on May 11, Trump reiterated his long -standing pressure on the FED and suggested that he be “paced” to Europe to reduce interest rates.
Trump: US needs a negative interest “award”
The European Union first introduced negative interest rates in 2014.
Trump wrote about negative interest:
“As long as other countries benefit from negative interest rates, the US should accept this ‘award’.”
Negative interest rates basically include the charge of the banks for the storage of money of banks. Although the FED President Jerome Powell said that they were opposed to such an interest, he participated in calls to make US interest negative for the first time in an old official date last month.
“The US federal reserve should fight for the first time below zero, and fighting the recession that deepened rapidly,” former Minneapolis FED President Narayana Kocherlakota said.
According to Bitcoin users, taxes have been even worse since the explosion of the corona virus epidemic; Because the forced economic closure showed that governments bail and that smaller players received equality and wealth from the hands of smaller players.
Fiat puts pressure on savings
Talking Trump’s words on the day Bitcoin’s supply “strengthened” and reduced inflation to 1.8 %were particularly touching.
But not surprisingly, the crypto currency users had no time to listen to the president’s request.
“Fed -controlled Weimar strategy adopted a weimar strategy, Bitcoin completed his third Halving, Tak said Tyler Winklevoss.
Famous Gold-Period Peter Schiff, famous for hitting Bitcoin from place to place, was not affected by these statements. He said to Trump on Twitter:
“Negative interest is not reward. Money is the transfer of the protectors to borrowers.”
However, inflation to make negative interest rates will also damage the fees; The general economic will lose its efficiency and as a result, living standards will be much lower.
Meanwhile, Virgin Galactic said Chamath Palihapitia CNBC that the dollar went to the “gigantic deflationist spiral ..
