Expert Opinion: Bitcoin (BTC) May Be on the Verge of Bullish Trend in Financial Turmoil!

Dan Tapiero, founder of precious metal supplier Gold Bullion International, said that the emergence of negative interest rates in the US is a big bull sign for Bitcoin (BTC), while negative interest rates will make the US dollar weaker.

Negative interest rates have arrived in the US! 6mo t-bill at -2bps. Means you need to PAY US govt for 6mo cash deposit. Rates to go much more negative to weaken dollar. This is confiscation and it is bad but it needed for now to stabilize system. Mega bullish for the #Bitco pic.twitter.com/mwgehnxksd

– Dan Tapiero (@DTAPCAP) March 19, 2020

When the “6-Month US Bill Tender” falls below zero, Americans will likely have to adapt to a new reality where they will have to hide their money under the bed. While describing this situation as “seizing,” Tapiero admits that it is a necessary measure to stabilize the system.

Coronary Virus Measures of Central Banks

When the Fed’s signs of stagnation in the economy triggered by the coronavirus and oil wars on March 16, brought tough sales in the markets, the bank cut its exceptional interest rate for the second time and reset the interest. Immediately after the Fed, the Bank of England went on the first rate cut since August 2016 to combat the new type of coronavirus (Kovid-19) outbreak, reducing the policy rate by 50 basis points to 0.25 percent.

US President Trump has long been pushing the Fed to cut interest rates. Experts stated that this was wrong, as the decrease in interest rates would cause excessive spending and inflation. As a matter of fact, the coronavirus outbreak enabled Trump to get what he wanted.

While the situation was deplorable in the traditional markets, the biggest cryptocurrency Bitcoin (BTC) has risen above the $ 6,000 level for the first time since March 12.