BREAKDOWN: What the $1.9T Stimulus Means for Bitcoin

BREAKDOWN: What the $1.9T Stimulus Means for Bitcoin

The U.S. has now spent more on COVID-19 than on World War II. Here’s what it might mean for bitcoin. This episode is sponsored by Nexo.io and Casper. COVID-19 sent the money printer into overdrive. With the newly signed $1.9 trillion stimulus bill, the total spent on pandemic relief in the U.S. exceeds $6 trillion, more than WWII’s inflation-adjusted $4.1 trillion. In this episode, NLW explores what the possible implications of this spending are for bitcoin, including: Whether we’re likely to see if some of the $400 billion allocated for direct checks to citizens find its way into bitcoin Whether the $1.9 trillion is just the start of a larger set of Biden Administration initiatives that will redefine our relationship with the balance sheet NLW also does a quick regulatory roundup looking at: The CFTC investigating Binance U.S. Rep. Warren Davidson reintroducing the “Token Taxonomy Act” The introduction of the “Eliminate Barriers to Innovation Act” - Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io. - Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network. - Image credit: LPETTET/iStock/Getty Images Plus See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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