Today, I will show you how to Sell Bitcoin For Paypal in just 10 minutes. a ‘Gift,’ Bitcoin Advocates, What seems to be a fresh attempt to sway to take ratespositive saw immediate backlash from sound- money supporters.
Bitcoin (BTC) bulls were lambasting United States President Donald Trump this week as he called on the Federal Reserve to tax people’s savings. In a tweet on May 11, Trump renewed pressure on the Fed, which he has long suggested should “keep pace” with Europe in lowering rates. Trump: The U.S. needs negative interest rate “gift” The European Union first introduced negative interest rates in 2014.
“The U.S. iat squeezes the savers should fight a rapidly deepening recession by taking interest rates below zero for the first time ever,” former Minneapolis Fed president Narayana Kocherlakota claimed. Taxing savers, Bitcoiners say, has only worsened since the coronavirus, as enforced economic shutdowns saw governments bail out big business while taking equity and wealth away from smaller players.
Trump’s words were particularly poignant, coming on the day that BTC Bitcoin To Paypal USD Exchange “hardened” its money supply and cut inflation to 1.8% via its third block reward halving.
Unsurprisingly, those in favor of the cryptocurrency had little time for the president’s demands.
“As the Fed adopts a controlled Weimar strategy, Bitcoin just completed its third halving,”
Even gold bug Peter Schiff, famous for his dismissals of Bitcoin, was unimpressed.
“Negative rates are not a gift. They are a transfer of wealth from savers to debtors,” he told Trump on Twitter.