✅ $1.9 Trillion Covid Stimulus Package!
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👉 The Senate passed President Joe Biden’s $1.9 trillion C-19 relief package Saturday, a possible positive development for cryptocurrencies. 🥳💰🚀
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1️⃣ Because the stimulus package would likely be a boost for stock markets, it could also provide a lift to the price of #Cryptos, particularly if stimulus check recipients use that money to buy #Bitcoin and #Altcoins.
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2️⃣ Crypto investors have been betting for months that the flood of government and central bank spending to fight the coronavirus-caused economic slowdown will eventually lead to inflation, which would also be beneficial for bitcoin.
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3️⃣ All the stimulus is calling into question the independence of the Federal Reserve, which to prevent short-term economic ruin has been basically printing money with abandon, leaving itself open to criticism about the mountain of debt these spending sprees are creating.
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@PowerCryptoNews
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👉 The Senate passed President Joe Biden’s $1.9 trillion C-19 relief package Saturday, a possible positive development for cryptocurrencies. 🥳💰🚀
------------------
1️⃣ Because the stimulus package would likely be a boost for stock markets, it could also provide a lift to the price of #Cryptos, particularly if stimulus check recipients use that money to buy #Bitcoin and #Altcoins.
------------------
2️⃣ Crypto investors have been betting for months that the flood of government and central bank spending to fight the coronavirus-caused economic slowdown will eventually lead to inflation, which would also be beneficial for bitcoin.
------------------
3️⃣ All the stimulus is calling into question the independence of the Federal Reserve, which to prevent short-term economic ruin has been basically printing money with abandon, leaving itself open to criticism about the mountain of debt these spending sprees are creating.
____________________
@PowerCryptoNews