Post
Topic
Board Bitcoin Discussion
Re: $1.9 trillion stimulus passes senate
by
Pearls Before Swine
on 08/03/2021, 15:02:25 UTC
With a stimulus bill this high, I have no doubt at least a few recipients of those checks are going to be buying bitcoin and probably overpriced GPU's to mine ETH with as well.  Nobody that I know of is starving in the states, so it isn't as though most people need that money just to eat.  There is going to be a lot of purchasing of nonessential goods and services and bitcoin is going to be just one of those things.

I can't say I'm ecstatic about the bill even though it would benefit me personally.  Handing out this much money is going to put the country further into debt and contribute to inflation directly by pumping more money into people's hands.  That's sure to drive up prices of everything.  Let's hope bitcoin is one of those things that gets inflated.  Nobody around here would mind that much I'm sure.