Why bitcoin nowsteemCreated with Sketch.

in #bitcoin7 years ago

Now the interest is record low, and sometime ago there were countries announcing even negative interest on deposits, this is about the time that new financial order should come to the rescue.

For one thing all the national fiat currencies are under tremendous pressure to increase the value since they printed out too much too short.  Take for QE1, QE2, etc all over the world such that paper moneys are just papers if it weren't for government forcing the people to think that they are worth what is printed on.

But the very own government is in such a large debt, there are no solutions to reconcile them when paying $400 billion per year interest only that is only for the Uncle Sam.

Therefore, it is sort of self defense that people are looking for alternatives that can guarantee the store holder of wealth such as bitcoin, gold, etc.

And there are a lot of fintech companies trying to bridge the gap now such as LondonCoin.

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Because bitcoin is your own bank.

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