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Bitcoin Price Eyes More Explosions as Biden Considers New $3tn Package. We all know how a major chunk of it will be used.

Bitcoin Price Eyes More Explosions as Biden Considers New $3tn Package. We all know how a major chunk of it will be used.



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33 Comments

  1. There may be some confirmation bias on how these cheque’s get spent. Everyone on here puts it into Crypto, everyone on the golf subreddit buys new clubs, everyone on the poker subreddit plays poker with it. Based on my lurking

  2. The price moves not because of immediate money moving in but really because of the signal this sends to the market that government will keep printing more and more money to fund this and devalue everyone’s fiat savings and income.

    It’s almost like they want people to slowly move into crypto! 😀

  3. Pretty sure that this is an infrastructure package not a stimulus package so no new cheques in the post. It is about putting in solar, fixing infrastructure and getting business employing more people.

  4. tldr; US President Joe Biden is considering a $3 trillion government spending package to boost infrastructure, clean energy, childcare, and education with another stimulus, according to reports. The additional fiscal support would address structural insufficiencies affecting the US economy. The cash injections, coupled with the ongoing money supply from the Federal Reserve, expect to increase inflation, lifting Bitcoin’s appeal.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  5. Let’s see what kinda regulation he cooks up to stifle the American middle class and line the pockets of the bankers he works for.
    Is no different than any other person that’s sit behind the Resolute desk.

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