Quote from: LogitechMouse on Today at 07:28:49 AM

Quote from: Bergkampsballs on March 06, 2021, 07:23:15 PM

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This is the biggest stimulus package the US has ever done this pandemic season. If I'm not mistake, people will receive at least $1400 and will be distributed in April 2021.

Will this affect Bitcoin?? In some ways yes. One big effect is that it might push the price of it upwards unless, these people will choose to invest a big portion of their money into Bitcoin than spending it into another things. On the other hand, this will make the purchasing power of USD even lower. Can this event beneficial to Bitcoin and crypto in general?? Yes only if they will invest it unto it but aside from that, it will not benefit at all.

Quote from: pooya87 on Today at 07:43:09 AM

Quote from: Bergkampsballs on March 06, 2021, 07:23:15 PM

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?

Inflation is not something that can be controlled when a ridiculous amount of money has been being printed!
Crypto holders are not in any treat since altcoins get dumped all the time in long term. Bitcoin holders I wouldn't say are in for a treat either because during inflation when you hold something that goes up in price would only act as a way to keep the same purchasing power not make any profit. When bitcoin goes up in value more than inflation rate that is mostly because of its adoption so the profit has nothing to do with the money printing policies.

I think you both might be missing the bigger picture here. Some people will invest their $1400 stimulus funds into Bitcoin but many wont, however that's not where the big money will come from. The fact that the stimulus money will devalue the dollar will encourage people and corporations who already have a lot of money to find alternative investments such as stocks, gold and cryptocurrencies. At the moment Bitcoin is a strong contender and for many investors and corporations that were considering investing in Bitcoin anyway, this could be the event that pushes them over the line.