It doesn't cost any more to store bits or paper in Europe now than it did when interest rates were positive. The "storage costs" metaphor as a justification for negative interest rates is a whopping falsehood.
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it may not be a good metaphor but it seems possible that it imposes a bit of a floor on rates. At some point it will make economic sense to store paper currency in a warehouse rather than face persistently negative rates of great enough magnitude
Right, see comment above. NIRP isn't justifiable or caused by higher storage costs. It has to coercively *impose* high storage costs in order to try to succeed.
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At this point doesn’t Bitcoin just become a much better bank? Less risk of a bank run. Money actually there. Privacy moving globally “interbank”. Outstanding “interest” rate. No account fees.
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Yes, as long as you don’t mind the short-term volatility.
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Tbh I’ve become completely numb to it. It’s either a great time to deposit, or a less great time to deposit.
End of conversation
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