Bullish For Bitcoin?

The United States treasury is expected to issue $3 TRILLION in debt within a 3-month time span.  Is this bullish for Bitcoin? I’d say so.

BULLISH FOR BITCOIN: US GOVERNMENT EXPECTED TO RACK UP $3T OF DEBT IN 3 MONTHS

In a statement Monday, the Treasury department of the U.S. government said it is borrowing a record of $2.999 trillion — just a billion shy of the headline figure. This will be for the second quarter of this year, 2020. This means that the U.S. national debt of $24.9 trillion, according to estimates, could rise by over 10% in the coming two to three months.

Full article here: https://bitcoinist.com/bullish-for-bitcoin-us-government-expected-to-rack-up-3t-of-debt-in-3-months/

Master Asked on May 5, 2020 in Bitcoin.
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