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 bitcoinWhether 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”

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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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