RE: Trillions In Coronavirus Stimulus Bring Out The Bitcoin Bulls

Bitcoin is back over $7000 this morning, right under $7100

Trillions in Coronavirus Stimulus Bring Out the Bitcoin Bulls

“‘It’s exactly why bitcoin (BTC) was created,’ Michael Novogratz, CEO of the cryptocurrency-focused investment firm Galaxy Digital, told CNBC last week.

It’s a common refrain heard these days from bitcoin bulls: The U.S. dollar and other currencies will eventually be debased by the injections of trillions of dollars of coronavirus-related aid and monetary stimulus by governments and central banks. That should, theoretically, strengthen the case for bitcoin, the oldest and largest cryptocurrency, as a hedge against inflation.”

https://www.coindesk.com/bitcoin-bulls-trillions-coronavirus-aid

SavannahBTC Master Asked on April 6, 2020 in Bitcoin.
Add Comment
1 Answers

Price is looking good right now…right @ $7,300…

Master Answered on April 6, 2020.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.