Re: Stimulus checks perfect storm for massive crypto bull run?
And here you've touched an important aspect, current supply and demand.
What we know is that coins keep getting awarded at nearly the same speed (8% faster for this epoch but not that important) and that some assume those checks will drive up demand temporarily since CB posted that tweet.
What we know is that coins keep getting awarded at nearly the same speed (8% faster for this epoch but not that important) and that some assume those checks will drive up demand temporarily since CB posted that tweet.
These are all very sensitive issues, but it is difficult or almost impossible to come up with concrete data that could explain what is actually going on in the background. All crypto exchanges fake some % of their trading volumes, to attract as many traders as possible, of course displaying excellent liquidity. But luckily in a little less than a month, halving will reduce the mining prize, which is an indisputable fact. Still, the question is how much fresh mined coins have an impact on the market, current 1800 BTC per day is just $12 600 000, which is almost insignificant for the total amount of day trading (by CMC $37+ billion).
Oh, and till now, I've never heard of any country doing the same in the EU, free money for everybody, unconditionally.
I heard that Serbia is planning to do that, "100 EUR for each adult Serbian citizen", and it is possible that some other countries will do something similar. So if a plan with USA stimulus checks fails, we have a backup plan
