President Trump has promised $5,000 per American if Republicans win both chambers of Congress in upcoming midterm elections, roughly 150% of COVID-19 stimulus checks. Bitcoin has held above $80,000 for two consecutive weeks with strong institutional demand, as BlackRock added $195.6 million in BTC to its IBIT ETF, bringing net accumulation to approximately $1.57 billion over the past month. The Federal Reserve is also scheduled to inject $5.8 billion into markets next week. If even a fraction of this liquidity flows into risk assets like crypto, it could catalyze a 2020-2021-style bull cycle, especially given that institutional participation is now much deeper than before.
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