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27 July 2021

Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices

Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices


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He noted that governments, on the whole, would introduce "more aggressive monetary stimulus" programs should the new coronavirus strain spread at the scale of its alpha version.

"History is not necessarily an indicator of the future, but it is hard to imagine a scenario where if we had a second wave of lockdowns, we wouldn’t also get more aggressive monetary stimulus efforts," Pompliano wrote.

In saying so, Pompliano envisioned that the road to more dollar liquidity would like come in seven successive stages, as shown in the snapshot below:.

James Wo, founder & chief executive of global blockchain and digital asset investment firm Digital Finance Group also noted that even though the Bitcoin industry has encountered downside volatility during this current market cycle, the fundamentals that have driven its and other markets' value higher all across 2020 continue unaffected

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