On the contrary, Bitcoin, being a scarce asset, which tends to appreciate over time by cyclically cutting its issuance until the maximum limit of 21 million, is proving to reduce the time preference. As it appreciates over time, small savings in the present can generate significant future benefits, thus increasing the propensity to save and plan for the future. This simple fact has profound implications at a social level, because it reflects in greater investment in education, deeper human relationships or greater care for the environment.
Depositors in Ireland face disappointingly low returns on savings accounts, with instant-access accounts yielding an average of just 0.13pc, making it one of the lowest in the eurozone.
AI remains a powerful driver of transformation for our clients and for IBM. Our generative AI book of business continues to accelerate and now stands at more than $7.5bn.
Our ambition is to ensure that people's hard-earned savings are delivering the best returns and driving more investment into the UK economy.
'One of the biggest issues people have is that they are ashamed of their financial lives. They feel that they've made poor financial decisions and dread confronting these uncomfortable realities.'
My teenage daughter called me twice in a row. Worried, I texted, 'In a meeting, emergency?' She replied, 'No, just a good table on the side of the road.'
