Trump’s $5,000 Checks Could Send Billions Into Bitcoin and Crypto: But There’s a Catch

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US President Donald Trump reiterated his promise to distribute a 5,000-dollar dividend to every adult US citizen if Republicans retain control of Congress in November. Analyst Crypto Rover estimates that 5 to 10 percent of this liquidity injection, whose total cost is estimated between 1.2 and 1.3 trillion dollars, could represent between 60 and 130 billion dollars flowing into the cryptocurrency market. Several Republicans have expressed skepticism, fearing a worsening of the federal deficit and a reactivation of inflation. Congress would also need to authorize the spending, and numerous political and economic hurdles remain before any materialization of this scenario.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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