{"id":129766,"date":"2020-04-04T18:17:14","date_gmt":"2020-04-04T17:17:14","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=129766"},"modified":"2020-05-24T23:11:06","modified_gmt":"2020-05-24T22:11:06","slug":"heres-why-this-grim-monetary-trend-may-be-highly-bullish-for-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/heres-why-this-grim-monetary-trend-may-be-highly-bullish-for-bitcoin\/","title":{"rendered":"Here\u2019s why this grim monetary trend may be highly bullish for Bitcoin"},"content":{"rendered":"

The events occurring throughout the early-part of 2020 have rattled the global economy, with mounting COVID-19 infection rates and soaring unemployment damaging all major markets \u2013 ranging from stocks and commodities to cryptocurrencies like Bitcoin.<\/p>\n

The actions taken by central banks across the globe \u2013 but especially those by the U.S. Federal Reserve \u2013 have seemingly vindicated cryptocurrency enthusiasts, proving the importance of having scarce decentralized digital assets.<\/p>\n

One prominent investor and economic historian is now noting that he believes the world will soon place a heightened focus on three specific assets \u2013 including Bitcoin \u2013 as the likelihood of the U.S. seeing negative interest rates grows increasingly likely.<\/p>\n

Data suggests Fed Fund and 10-year bond rates may soon dip negative<\/h2>\n

Prominent investor and Bitcoin advocate Raoul Pal<\/a> explained in a recent tweet thread<\/a> that the \u201cdeflationary wave\u201d that the global economy is currently experiencing is one of the largest in modern history, making that chances of a negative Consumer Price Index (CPI) turning negative incredibly high.<\/p>\n

He notes that a failure for the Fed to turn rates negative<\/a> could lead monetary conditions to tighten into a crisis, making it a potentially imminent event.<\/p>\n

\"Here\u2019s<\/a>
Related: Here\u2019s why the Fed boasting about having \u201cunlimited ammo\u201d is an endorsement of crypto<\/a><\/figcaption><\/figure>\n

Pal explains that an analysis of the Fed Fund suggests FF rates could dive as low as 2% in the near-term, while 10-year bonds could also flip negative as well.<\/p>\n

\u201cWhen I look at Fed Fund, it suggests that trend FF rates could go as low as -2%… And 10 year bonds would get to negative rates too…\u201d<\/p><\/blockquote>\n

\"Bitcoin\"
Image Courtesy of Raoul Pal<\/figcaption><\/figure>\n

Here\u2019s why negative rates could be great for Bitcoin<\/h2>\n

The implications of negative interest rates could be dire, as it will \u201cnuke the pension system\u201d while also destroying the value of money.<\/p>\n

This could prove to be positive<\/a> for three assets in specific, including Bitcoin, Gold, and the US Dollar \u2013 as central banks besides the Fed will likely be forced to take even more extreme measures, thus making USD the strongest currency. Raoul Pal elaborated<\/a>:<\/p>\n

\u201cDollars, Gold and Bitcoin make the most sense. Later, much later, just gold and bitcoin. This is an 18 month to 36 month view. Expect many counter-trend moves along the way. We will have to navigate those. Good luck.\u201d<\/p><\/blockquote>\n

Unless the rapidly growing Coronavirus pandemic concludes sooner than the world anticipates it to, it is highly probable that it will continue ravaging the global economy, and traditional investors<\/a> may have to begin turning to decentralized assets like Bitcoin in order to preserve their capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The events occurring throughout the early-part of 2020 have rattled the global economy, with mounting COVID-19 infection rates and soaring unemployment damaging all major markets \u2013 ranging from stocks and commodities to cryptocurrencies like Bitcoin. The actions taken by central banks across the globe \u2013 but especially those by the U.S. Federal Reserve \u2013 have […]<\/p>\n","protected":false},"author":174,"featured_media":129810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,120,15323],"tags":[60786],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nHere\u2019s why this grim monetary trend may be highly bullish for Bitcoin<\/title>\n<meta name=\"description\" content=\"One prominent economic historian is now noting that he believes the world will soon place a heightened focus on three specific assets \u2013 including Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/heres-why-this-grim-monetary-trend-may-be-highly-bullish-for-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here\u2019s why this grim monetary trend may be highly bullish for Bitcoin\" \/>\n<meta property=\"og:description\" content=\"One prominent economic historian is now noting that he believes the world will soon place a heightened focus on three specific assets \u2013 including Bitcoin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/heres-why-this-grim-monetary-trend-may-be-highly-bullish-for-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-04T17:17:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-24T22:11:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2020\/04\/bitcoin-money-toilet.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cole Petersen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cole Petersen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/heres-why-this-grim-monetary-trend-may-be-highly-bullish-for-bitcoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/heres-why-this-grim-monetary-trend-may-be-highly-bullish-for-bitcoin\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/cole-petersen\/#person\",\"name\":\"Cole Petersen\",\"url\":\"https:\/\/cryptoslate.com\/author\/cole-petersen\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/cole-petersen\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/cole-petersen\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/11\/author-cole-petersen.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/11\/author-cole-petersen.jpg\",\"caption\":\"Cole Petersen\"},\"jobTitle\":\"Journalist\",\"description\":\"Cole is a freelance journalist and university student studying philosophy. 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