And Bitcoin Is Back Over $40K
Bitcoin is back over $40K and looking to grow massively if these projected spending numbers come true. The US dollar will be even worth less and Bicoin will shine
Bitcoin tackles $40,000 as Biden unveils new $6 trillion federal spending budget
“On May 28, the United States president will announce the massive fiscal policy, the largest since the Second World War, to ensure investments in major infrastructure, education and healthcare projects, reported The New York Times on May 27.
Biden reportedly wants the federal government to spend $6 trillion in 2022. He also plans to raise the total spending to $8.2 trillion by 2031.
Biden had earlier proposed significant tax hikes on America’s richest companies and individuals to fund his massive spending program. But it would take the government at least until 2030 to shrink its budget deficits, the Times reported. That means the United States would face a monumental debt burden as it borrows money to finance Biden’s record proposal.”