Biden is preparing a financial stimulus plan to inject billions of dollars into the US economy, the request was made to Congress to approve 2,000 aid to Americans who have seen their economies have been hit by the COVID19 pandemic. This could result in the price of BTC skyrocketing since many beneficiaries seek to protect their money against inflation and, due to excess liquidity, many will rush to invest in the cryptocurrency market, since it is well known that many Institutions have invested large amounts of money in BTC because they see it as an excellent hedge against inflation, we have seen cases like Microstrategy that invested more than 400 million dollars in BTC when its price was barely around 10,000 dollars, as of today the CEO of this company is one of the 10 BTC billionaires in the world.
Do you think this stimulus plan can positively influence the price of BTC?
Do you think this stimulus plan can positively influence the price of BTC?