Can you imagine if Steemit charged you -0.01% interest to hold Steem Dollars or Steem Power? Me either.
The Canadian Imperial Bank of Commerce (CIBC) has just become the first Canadian bank to sell bonds with a negative interest rate. Apparently people lined up to buy $1 800 000 000 of an investment that is guaranteed to lose money.
http://www.cbc.ca/news/business/cibc-negative-yield-bonds-1.3685259
Can you imagine if that $1.8 billion tried to buy Steem Dollars or Steem Power?
Now what if I told you that $1.8B was a drop in the bucket?
Globally there is more than $11 TRILLION invested in negative interest investments.
There is vast ocean of wealth sloshing around the world that is starved for security and yield. The future of Steemit is bright.
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