It's official Biden signs Stimulus Bill, Crypto's going to the Moon!
It's a wrap folks, bitcoin just 1.9 trillion more reasons to go up
If we didn't have enough dollar debasement and money printing going on globally, we just got another chunk.
After some back and forth between the House and the Senate, the coronavirus stimulus bill was official signed by the president today.
It was $1.9 trillion of economic relief for businesses and individuals across the nation.
More importantly to most of us reading this, bitcoin got a major advertisement:
(Source: https://twitter.com/tyler/status/1370160649767153665)
Some of the major highlights include $1400 checks to anyone earning $75k or less per year and beefed up $300 federal unemployment checks through September.
The end result?
A ton of money flowing into stocks and crypto.
While I thought bitcoin would hit $100k this year, I think this bill alone guarantees it happens by this summer.
With the amount of money sloshing around now, I would be shocked if bitcoin didn't hit $100k by July of this year.
I suspect the high for the year will be significantly higher than that.
Stay informed my friends.
-Doc
Now, THAT'S a huge advertisement for BTC, on top of the buying you mentioned in your other post!
Thanks a lot again.
Namaste :)
If this doesn't push BTC to 100k then id be very surprised
Yup... and it can even work indirectly. The stimulus being passed means I will not be selling crypto to pay our property taxes which I would otherwise have done. I'll be able to continue HODLing! Woo-hoo!
It is pretty unreal and hopefully the checks start hitting people's accounts this weekend. Things are going to go insane for sure.