So the $1.9 trillion stimulus bill has passed the senate and is now nailed on to be signed off by Biden on 14th March.
I was wondering what effect you think this will have on Bitcoin over the coming days, weeks, months and even years? It doesn't seem to have made a huge impact straight away, I guess this is because people were expecting it to happen anyway but surely as the stimulus starts to take effect over the next few months, inflation is going to become a huge problem for any individuals and companies who happen to be sitting on piles of cash. Will the government be able to stop inflation from running out of control or are Bitcoin and crypto holders in for the treat of their lives?
https://eu.usatoday.com/story/news/politics/2021/03/06/bidens-covid-stimulus-bill-passes-senate-legislation-heads-house/6886446002/It's a bullish news for the crypto community. A really big one at that. I remembered last year during the times when covid-19 was biting hard and the covid-19 relief bill signed into effect, I still recall the effect it had on the crypto market. So I want to believe that we'll see a similar effect this time as well. Let's not forget that interests in cryptocurrencies have more than doubled between that time and now so it's more than likely that majority of those funds will be channeled into various crypto projects especially Bitcoin.