Topic: $1.9 trillion stimulus passes senate - page 3. (Read 513 times)
The printing of more money can be beneficial in the short term especially for those who literally have no way of earning amidst the pandemic, and provided that the money comes back into circulation, inflation can be prevented, but millions of Americans aren't into your typical 9-5 anymore, realizing how fickle and how fragile the concept is in pandemics like this. So, they will either store the money in a bank, or invest it in stocks, bonds, or crypto. Either way if more and more people does this, the country is on its way to economic collapse.
Will the government be able to stop inflation from running out of control or are Bitcoin and crypto holders in for the treat of their lives?
They can't stop inflation, with all of that stimulus that has been made? they can only utilize and minimize it along its way but to completely stop it, they can't.Whilst, bitcoin holders, we're also investors and we're defeating inflation through holding this asset and that's why others have come to understand that instead of using all that they receive from the stimulus, they invest a portion of it.
Will the government be able to stop inflation from running out of control or are Bitcoin and crypto holders in for the treat of their lives?
The government I'm pretty sure will be unable to keep the 'upcoming' inflation in check, they can't possibly print this much money without any consequences in the future, their economy will of course feel the brunt of the activities of the money printer, but then on its impact on Bitcoin and it's hodlers, i think people will have to understand that Bitcoin is a hedge to their devaluing Fiat currency, which thus could make more people put their money in the network, and that could cause the price of Bitcoin to appreciate. 
The impact won't be seen now. It'll be seen after the crisis is gone.
It depends. The impact of the stimulus package can be seen on bitcoin right when people get a hold of they freshly printed Dollars. There's a theory, backed by surveys, according to which a large part of stimulus giveaway to end on Bitcoin exchanges. We'll see how it goes but if I were a person who has enough money to go by, I wouldn't hold stimulus under the mattress but try to invest it. Some of the poorest will probably spend it, but the middle class is going to go for stocks, gold and BTC.
The impact won't be seen now. It'll be seen after the crisis is gone. The money printer can't run continuously without consequences, that's for sure.
On Bitcoin, the impact it might have is that BTC's price will probably rise as soon as the money starts losing purchasing power. That is if people treat Bitcoin as a safe haven and hold on to it for hard times. If USD loses purchasing power and hyperinflation (because I'm pretty sure pumping this many trillions of dollars leads to it) will make all prices go up, together with BTC's. By how much or when.. that's uncertain.
On Bitcoin, the impact it might have is that BTC's price will probably rise as soon as the money starts losing purchasing power. That is if people treat Bitcoin as a safe haven and hold on to it for hard times. If USD loses purchasing power and hyperinflation (because I'm pretty sure pumping this many trillions of dollars leads to it) will make all prices go up, together with BTC's. By how much or when.. that's uncertain.
So the $1.9 trillion stimulus bill has passed the senate and is now nailed on to be signed off by Biden on 14th March.
I was wondering what effect you think this will have on Bitcoin over the coming days, weeks, months and even years? It doesn't seem to have made a huge impact straight away, I guess this is because people were expecting it to happen anyway but surely as the stimulus starts to take effect over the next few months, inflation is going to become a huge problem for any individuals and companies who happen to be sitting on piles of cash. Will the government be able to stop inflation from running out of control or are Bitcoin and crypto holders in for the treat of their lives?
https://eu.usatoday.com/story/news/politics/2021/03/06/bidens-covid-stimulus-bill-passes-senate-legislation-heads-house/6886446002/
I was wondering what effect you think this will have on Bitcoin over the coming days, weeks, months and even years? It doesn't seem to have made a huge impact straight away, I guess this is because people were expecting it to happen anyway but surely as the stimulus starts to take effect over the next few months, inflation is going to become a huge problem for any individuals and companies who happen to be sitting on piles of cash. Will the government be able to stop inflation from running out of control or are Bitcoin and crypto holders in for the treat of their lives?
https://eu.usatoday.com/story/news/politics/2021/03/06/bidens-covid-stimulus-bill-passes-senate-legislation-heads-house/6886446002/
Jump to: