The Breakdown What the $1.9T Stimulus Means for Bitcoin
Mar 13, 2021
13:57
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”