Coronavirus Stimulus… More Than 2X Crypto’s All-Time Market Cap High
Some of the numbers we’ve seen in recent days and weeks are just mind-boggling….the U.S. coronavirus stimulus package is larger than crypto’s all-time market cap high by 240%…
Coronavirus Stimulus Is More Than Twice Crypto’s All-Time Market Cap High
“The U.S government recently unleashed a $2 trillion stimulus package to help Americans offset the economic impact of COVID-19. That figure is more than double the amount of all the speculative capital locked up in the entire cryptocurrency market during its 2018 peak.
Cryptocurrency at large — Bitcoin, Ethereum, Litecoin, and everything else — collectively reached its all-time market cap high in January 2018, totaling $831 billion according to CoinMarketCap data.
The U.S. stimulus bill in response to coronavirus is 240% larger by comparison.”