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.”