Banks in Germany Tell Customers to Take Deposits Elsewhere

Cash is cheap, Cash is trash these days. Things change though and cash might be king sometime in the near future.
 
BKR88 said:
"Elsewhere" = bitcoin? :)
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Not only that, but there is a whole ecosystem around DeFi right now where people who want to park their Bitcoins can also earn a decent interest.

Imagine your bank is telling you take your money elsewhere and someone else (Reputable but not regulated) is telling you, deposit your Bitcoins, I give you 6% annually and Bitcoin is generally in an uptrend.
 
I can get 1.6% on defi deposits in about 5 different tokens. There is also a bond created through CDL OR CDO that protects the downside.
 
narafa said:
Not only that, but there is a whole ecosystem around DeFi right now where people who want to park their Bitcoins can also earn a decent interest.

Imagine your bank is telling you take your money elsewhere and someone else (Reputable but not regulated) is telling you, deposit your Bitcoins, I give you 6% annually and Bitcoin is generally in an uptrend.
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Who "reputable but not regulated", specifically? The counterparty risk on all of these things I've seen is insane compared to the single digit returns they're giving, but maybe I'm missing someone like GS putting their balance sheet on the line to back up a transaction with me?
 
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