Post
Topic
Board Bitcoin Discussion
Re: $1.9 trillion stimulus passes senate
by
slaman29
on 07/03/2021, 12:01:32 UTC
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/

Will he sign it or is there any chance this stimulus isn't going to happen? I mean if a few thousand or hundred dollars in 2020 passed into Coinbase and made Bitcoin go up like crazy, I wonder how much this amount of money will do to BTC price. Inflation is already bad for US dollar, guess now we see it go down like crazy?