*This article was published in our email for paying subscribers. See here for more details and how to subscribe.
3 Comments
Havent read the article:
Bank for International Settlements warns Central Banks that Bitcoin will eat their lunch.
El Savladorian citizens will save over $400m in remittance fees through the use of Bitcoin.
To quote Thanos:
"Bitcoin is inevitable..."
From Ponzikiwi 28/2/21
Prediction
Reserve Bank will offer digital accounts by September 2021. Orr will cut rates to negative in April. He will order window guidance and instruct banks to lend lend for housing only. Blows up a massive bubble of biblical proportion. Eventually with more lockdowns businesses will collapse as will the economy and your bank.
The next day you will get told to download a rbnz app on your mobile. The 117k you had with ASB that you can't access will appear in your new central bank account. All of the foreclosures and properties left with the banks will be transfered to the govt to house the population...Because you will own nothing and be happy right?
Response from B21:
Even the RBNZ knows better than doing this, they are aware of the civil unrest and danger to the country this would pose.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.