President of the USA, Donald Trump, recently took to Twitter demanding another cut in interest rates; in fact, he called for interest rates to drop to zero or below. For Dan Tapiero, of DTAP Capital, the "debasement of the dollar," as he calls it, would potentially be a boom Bitcoin and other assets, such as gold.
The reason for Trump calling on the reserve to make such a move is to drive economic activity hopefully. However, it will also lead to people earning no interest for storing money in the safety of banks, or even worse, have to pay to store their cash.
If this is the case, there will be little benefit or enticement to store wealth in a bank, and people looking to gain benefits from their savings will potentially look elsewhere, and Bitcoin is becoming a popular choice in today's modernizing and uncertain world.
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