As Biden preps $3T stimulus, Bitcoin could be set to erupt
The incoming Biden administration’s plan to flood the U.S. economy with trillions of dollars could ignite the next leg of the (BTC) bull market, as more investors seek refuge from a crumbling United States dollar.
Axios, an Arlington-based news outlet, reported Thursday that Joe Biden has asked Congress to provide Americans with $2,000 in stimulus payments to help offset the economic devastation of Covid-19. The incoming president has also proposed a $3 trillion tax and infrastructure package as part of his “Build Back Better” program.
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