Topic: Cryptocurrencies May Solve Central Bank Interest Rate Woes in 2020 (Read 193 times)

I think that just one year isn't enough to change the whole banking system and put it on blockchain. But yes banks have started to realise that how blockchain system can be implemented in normal world. But this would come only if this negativity around Cryptocurrencies is removed. Moreover you cannot say Cryptocurrencies will be involved in such thing. I think the fiat currencies will remain as it is only the channels of transmission of such currencies will change to blockchain.

I think so. It will give them opportunity to accommulate more funds and to support financial crisis. I can't really think how they cannot accept it. When its for a good purpose or goal then I can't see any wrong about it. Adopting to changes in the financial culture is really struggle on the start. Eventually, it will sink in and everything will be fine.

Cryptocurrency cannot save and give a higher percentage of rates to banks. Many banks do not want to accept the Bitcoin cryptocurrency, due to volatility, hence the problems arise.

some I have read about the problem with the central bank, therefore I have done a good analysis for 2020-2021 not only from the charts but some possibilities about world economic problems and others, but in my opinion those bankers need not look hypocritical to partner with bitcoin and other cryptocurrencies including the government, if I say cryptocurrencies can save them it might not be worthy of me to say here but I'm sure the bitcoin project was developed on the basis of a good goal for a good financial system and economy in the future, We don't know much about that so soon is the time when the show really starts, they should test it and try it first before saying anything about the bad cryptocurrency let alone bitcoin 

The government is the one whose really responsible for negative interest rates. They want the GDP numbers (which most economist look to determine the country's economical performance) to be higher, thus making them look appealing to the people by forcing the population to spend their funds by making it worse on storing them on bank accounts. Negative interest rates are nothing special to inflation rates, since both have the objective to force people into using a currency, further boosting the economy and prevents the idea of hoarding totally, killing a currency if not used.

I personally think central banks want to adopt cryptocurrencies, but with different approaches. Some want to adopt existing cryptocurrencies, such as Bitcoin and other altcoins, to be a tool for them to profit more money out of innocent investors, advertising it heavily to hoard more money and let people invest on a risky, volatile currency, and of course with their fees and such.

Some banks, those heavily controlled by the government, such as in China, makes their own government-backed cryptocurrency. Given the fact that China is a Communist country, they want almost everything under their radar, and monitoring population's purchases throughout is one agenda they wish to achieve. Such agenda is also the cause why cash restrictions are already implemented, since cash gives some anonymity.

I'm not sure how the banks would adopt cryptocurrencies, but it seems that going directly to cryptocurrency and investing some funds would be beneficial. 2020 could be the year of Bitcoin, with halving on the way (lower supply generation together with another hype train), together with advancements in the Lightning Network, could potentially attract some investors, and if all things go well, could scale a little bit more with LN, making it a potent alternative currency for people to use.

Bloomberg recently published a story that detailed what the world’s central banks would do in 2020. The report covered a lot of subjects, including some probabilities to be optimistic about it and some to be worried about. 2020 is set to be a major year for Bitcoin and the cryptocurrency market – should central banks put more effort into working with the market?

As 2019 comes to a close and we head into the next decade, many in the cryptocurrency market are enthused about the future prospects of Bitcoin, pointing to such developments as the halving as strong indicators of growth. 2020 is set to be a big year for the market for several other reasons.

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Does this mean that central banks are starting to realize that Bitcoin and other cryptocurrencies would save them from their interest rate woes next year? Or are they still refuse to swallow their pride?

Because of their continued woes in interest rates, I would honestly think that it might get even worse next year if they don't start to ride on in the crypto market.

What would be your reaction or opinion to this one guys? You think that cryptocurrencies would really save them next year? Hmmm....