What the $1.9T Stimulus Means for Bitcoin

<p><span style="font-weight: 400;">COVID-19 sent the money printer into overdrive. With the newly signed $1.9 trillion stimulus bill, the total spent on pandemic relief in the U.S. exceeds $6 trillion, more than WWII’s inflation-adjusted $4.1 trillion. </span></p> <p><span style="font-weight: 400;">In this episode, NLW explores what the possible implications of this spending are for bitcoin, including:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Whether we’re likely to see if some of the $400 billion allocated for direct checks to citizens find its way into bitcoin</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Whether the $1.9 trillion is just the start of a larger set of Biden Administration initiatives that will redefine our relationship with the balance sheet</span></li> </ul> <p><span style="font-weight: 400;">NLW also does a quick regulatory roundup looking at:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The CFTC investigating Binance </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">U.S. Rep. Warren Davidson reintroducing the “Token Taxonomy Act”</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The introduction of the “Eliminate Barriers to Innovation Act”</span></li> </ul> <div data-pm-slice="1 1 []" data-en-clipboard="true">--</div> <div>Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io</div> <div>--</div> <div>Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSv