Negative Interest Rates Hit Retail Consumers: Bitcoin Fixes This

If you’ve read financial news at all over the past few years, you’ve likely noticed a weird term frequent the headlines.

The term, “negative interest rates,” and they’re exactly how they sound: in some countries, lenders are required to pay the intermediate institution and the borrower for forking out their cash, even though lenders are taking on risk.

This sounds bad, but for a majority of the lifespan of negative interest rates, these negative rates were only affecting those at the highest levels — high net-worth individuals and the banks themselves. Though this is changing.

Reports have revealed that retail consumers — like you or I — have begun to be affected by negative interest rates, meaning that the little savings they have are being eaten away with time by negative interest rates. Bitcoin, some suggest, “fixes this.”

Negative Interest Rates Hit Consumers

Ever since the Great Recession of 2008, central banks, by traditional standards, have been acting weird….