Discussions on the topic of Bitcoin – or crypto-“currencies” in general – are usually plagued by strong emotions. That fact alone is enough to make me skeptical. When it comes to investing, strong emotions are almost always detrimental. And with Bitcoin, it’s more than just emotions. You sometimes get the feeling that arguments are being made with an almost religious fervor. There seems to be little room for nuance and sober analysis. Nevertheless, let me try.
While the last six months have seen the most rapid tightening of Western monetary policy in decades, falling interest rates may be on the horizon.