Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has Seen a Major Boost Amid Dollar Crisis
by
kryptqnick
on 11/04/2020, 13:23:19 UTC
Thanks to Trumps' Bitcoin has seen a major boost amid the dollar crisis. As of last week, Trump approves a $2 Trillion Covid-19 stimulus package that has seen an upturn, with assets climbing in anticipation of this historic economic aid package.

Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/

What impact do you think the stimulus package will have on Bitcoin in the long term?

What the US is doing is dangerous, I agree with that. At the same time, this package is supposed to help people, so while a risky decision, perhaps it's worth the risks. As for Bitcoin, I don't see the 'major boost' you're talking about. Bitcoin's price increased by 10%, but it's back to the initial $6800, so I don't think it really worked. Moreover, a small change like that could've happened because of anything, I don't see how it's related to that $2 trillion package. Moreover, I think it's a little too early to state that there's the Dollar crisis. It might happen, sure, but we're not there yet.