The $1.9 trillion stimulus bill has just been approved by the United States Senate. For businesses relying on the United States dollar, an impending bearish storm is expected. For Bitcoiners, it’s 1.9 trillion more reasons to buy Bitcoin, and here’s why.
USD goes down, Bitcoin goes up
Demand for Bitcoin has already been on roof levels for the most part of the year, but the peak could be nearing as demand could potentially take off from here. The weakening of the USD which will precede the printing of the trillion-dollar stimulus could cause a significant spike in demand from already existing Bitcoin investors who are racing to the top to secure more than their competitors.
But that’s only the tip of the iceberg, as traditional market participants are expected to make a grand entrance sooner than later.
You can print $1.9 trillion dollars out of nothing.However, not even a single Satoshi can ever be printed.— The Moon (@TheMoonCarl) March 7, 2021The billionaires are coming
Bitcoin happens to be the billionaire’s favorite for obvious reasons. Last year, Billionaire Paul Tudor Jones revealed that he had stashed 2% of his wealth into Bitcoin, shortly after the asset rallied 46%. The billionaire compared investing in Bitcoin now to investing in Google and Apple in their beginning stages, asserting that Bitcoin is a fitting defense mechanism against inflation.
Similarly, Square’s Jack Dorsey along with many other CEOs of leading investment and fintech companies have accumulated Bitcoin, explaining that the asset has proven itself to …
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