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by tunetine
3216 days ago
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There's no need for anyone to switch at this point. Also, an ACH from Coinbase is 4-5 days not 1 day. Japan is an edge case with a very small population. They have -0.1 interest rate. That is nothing compared to what you might lose based on the wild fluctuations Bitcoin incurs. |
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If I deposit to GDAX, sell to USD, and withdraw to my bank it will be there in 1 business day. It's been that way for years, for almost everyone I know. ACH pulls take longer, sure, but what I said is correct.
Also, multiple countries implemented negative interest rates[1]. Japan isn't an anomaly.
What you might lose from BTC fluctuation, you may also gain, as seen by the 400% YTD growth, this year alone[2].
You really should do more research and actually understand the topic instead of dismissing it because it doesn't fit your world-view.
[1]: https://en.wikipedia.org/wiki/List_of_countries_by_central_b...
[2]: https://www.cryptocoinsnews.com/bitcoin-price-nears-5000-ytd...