The US president Joe Biden has decided to print 1 900 billion $ due to the COVID crisis the country is facing.
What will be the impact on the crypto environment ?
Of course, the main goal of this stimulus plan is to give a boost to the US economy and help it bouncing back. The first target is probably the entrepreneurs and the people creating direct value and making grow the "classic" economy.
It is already the third economic stimulus since the beginning of the pandemic, and we'll see that crypto has benefited from it with the impressive bullrun. The government is going to send out 1 400 $ per person, and we can try to guess in which way they will spend it.
I think it may look like it :
- Stocks
- (Gold ?)
- Crypto, of course
It is obvious that this money will be helpful for the people and family in need but my opinion is that the surplus will be invested in those markets.
That's, as you understand it, a pretty good news for us, who have already money on it. Dear friends, the end of the bullrun may not be now, and yesterday neither.
The previous ones have been very positive
As you can see on the Twitter of Coinbase's CEO, most of the people are buying BTC with it. It is pretty logical as it remains the most famous cryptocurrency and the one medias are talking a lot. Indeed, as we all know it, BTC is by far the more "mainstream" cryptocurrency, so people buy it to "securize" their money, as a reserve of value.
However, and it's my opinion, this will make more people aware about the whole cryptocurrency market, and even the Altcoins will be winners in this operation.
Crypto enthusiasts, we have beautiful days coming, while money can be printed at anytime, tokenomics don't lie !
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