The Financial Times is reporting today that German bank Berlin Hyp is the first non-government entity to issue bonds at a NEGATIVE yield.
Ever since deflation has become a threat in a new trend of secular stagnation in Western economies, rates have been under enormous pressure in debt markets.
In fact, ONE THIRD of euro-area government bonds are at NEGATIVE yields. This is a tremendous and unprecedented occurance. As rates continue to go negative, depositors are paying banks to protect their money and asset-rich entities are able to get PAID for borrowing money!
Finally, over in Japan, last month it sold a 10-year bond at negative yield That means that they are being paid to borrow money, even when their debt to GDP ratio is over 200%. Clearly the fiat system is upside down right now and they don't know how to even manage it properly.
In this environment where you are being taxed just for having a bank deposit in Europe, bitcoin will surely get more bullish. Bitcoin will never have negative interest rates, and in July we hill have a block reward halvening which will slow the increase in supply as we reach the 21 million cap.
Be prepared. If your country does not yet have negative rates it is coming. If the most advanced countries in the world like Japan and Switzerland are forced to set negative rates to survive, who knows what is next, nobody is safe.
