11:57
Biden Spends Money He Doesn’t Have and Bitcoin Could Gain From It

Joe Biden’s tenure as the US president has been marked with financially intensive projects like the stimulus checks given to members of the public to cushion the harsh effects of the Covid-19 pandemic. It seems he isn’t resting on his oars, as he recently unveiled plans to inject 1.8 trillion into the economy targeted at children, families and the educational sector.

Bitcoin and other cryptocurrencies could potentially reap the rewards from such a move as it has done in times past. With the market capitalization hovering at just over $2 trillion, this latest cash inflow could trickle into the ecosystem and send coins on a bullish run.

Biden Knows How to Spend Money

President Biden has earned himself a reputation for spending funds on highly ambitious projects which have endeared him to the American citizenry. After three rounds of stimulus checks, and with a fourth currently being deliberated, President Biden recently unveiled a $1.8 trillion social spending plan to bolster existing infrastructure and healthcare.

Biden made this declaration on the eve of his 100 day anniversary and announced that this ambitious project will be largely funded by the wealthiest people in the country. He noted that the fund was not just earmarked for building but for the “need to build back better”. Biden said that the country is on the course of advancement and is at “a great inflection point in history.”

To raise money, Biden suggested that the time is ripe for huge corporations and wealthy individuals that have made their money from the country to pay their “fair share”. The President made calls for increasing the taxes accruable from large companies and wealthy individuals who are currently evading taxes, as a large portion of corporations managed to pay zero in income taxes in 2020.

Sourse: investing.com

Start mining bitcoin now

Start trading bitcoin now

Category: News | Views: 92 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoin Price #BTC | Rating: 0.0/0
Total comments: 1
0
1 Edward Dillinger   [Entry]
Hello everyone, Are you looking for a professional crypto trader, forex and binary manager who will help you trade and manager your account with good and massive amount of profit in return. you can contact TD Ameritrade for your investment plan, for he helped me earned 8,500usd with little investment funds. TD Ameritrade you're the best trader I can recommend for anyone who wants to invest and trade with a genuine trader, he also helps in recovery of loss funds..you can contact him on his Email: [email protected]
Via whatsapp: (+12166263236)
I advice you shouldn't hesitate. He's great.

Name *:
Email *:
Code *:
[14.05.2021][News]
How Elon Musk Crashing Bitcoin To Grow Dogecoin Is A Silly Move (0)
[14.05.2021][News]
Bitcoin (BTC) Inflows into Crypto Exchanges Hit a 1 Year High (0)
[14.05.2021][News]
Bitcoin stabilizes after sell-off, faces resistance near 53k (0)
[14.05.2021][News]
Bitcoin Weekly Forecast: BTC clings to support, on-chain metrics show sellers' onslaught (0)
[13.05.2021][News]
TESLA HAS ONE OTHER BIG REASON FOR HALTING BITCOIN PAYMENTS (0)
[13.05.2021][News]
Bitcoin falls as Binance said to face investigations from US Justice Dept and IRS (0)
[12.05.2021][News]
SEC to Weigh Whether Bitcoin Futures Market could Accommodate ETFs (0)
[12.05.2021][News]
MoneyGram to Enable Users to Buy Bitcoin and Withdraw it From Birck-and-Mortar Locations (0)
[12.05.2021][News]
USD Index is Crashing; It Has Been Historically Bullish for Bitcoin (0)
[12.05.2021][News]
SEC Warns of Bitcoin Futures Risks in Mutual Fund Investments (0)
close