$1.9 Trillion Stimulus Coming to Bitcoin and ETH

yellen scaled

Stocks are expected to open in the green today with futures pointing to fresh records as bitcoin jumps to $45,000 while eth re-takes $1,700 on Tesla buying $1.5 billion of digital gold. Some of this general green may well be due to Janet Yellen, the US Treasury Secretary, who took the microphone to say: “There’s absolutely no reason why we should suffer through a long slow recovery. I would expect that if this package is passed that we would get back to full employment next year.” The House of Representatives passed the $1.9 trillion budget outline, after the Senate approved it in a pre-dawn vote with president Joe Biden potentially pushing it through even without Republicans. “There is a chance that macroeconomic stimulus on a scale closer to World War II levels than normal recession levels will set off inflationary pressures of a kind we have not seen in a…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE