The newly appointed Biden-administration is just giving an aggressive push to Bitcoin (BTC) with the move of boosting America’s economic activity. While the Democrats are already working on a $1.9 trillion fiscal stimulus bill a report from Washington Post suggests that lawmakers are already discussing another $3 trillion stimulus package.
Owing to the slowdown in the economic activity due to the COVID-19 pandemic, the Federal Reserve is on a money printing rampage. Already trillions of dollars have been pumped into the economy with more coming soon. Well, this massive liquidity pump is nothing but good news for Bitcoin investors!
The fears of massive inflation and currency devaluation are now pushing institutional and corporates closed to Bitcoin (BTC) than ever before. Here’s what Bitcoin evangelist and Morgan Creek Digital founder – Anthony Pompliano – has to say: "A few elected officials are now proposing an additional $3 trillion stimulus package on top of the $1.9 trillion COVID package. These maniacs are going to print so much money that we're literally going to lose count. How the hell can you not be bullish on bitcoin right now?!?"