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RE: Economic Crash by Robert Kyiosaki - Will banks crash due to expansion of Bitcoin and other cryptocurrencies?

in #bitcoin7 years ago

I know one thing and that is that the public very much resents negative interest rates, even if they are tiny. Second, they will even like less the problems that negative interest rates present to insurance companies and pension funds. This issue is about to reveal itself by pension funds not being able anymore to hold up the facade that they can make good on the promises made decades ago.

All of the turnoil could be positive for cryptocurrency. Because cryptocurrencies like Bitcoin are backed by math, not people.

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Interesting opinion, than you for sharing @wekkel ;)

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