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Thursday

29 October 2020

First Mover: Stimulus Winning as Biden Surges in Polls and Bitcoin Eyes $12K - CoinDesk

First Mover: Stimulus Winning as Biden Surges in Polls and Bitcoin Eyes $12K - CoinDesk


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First Mover: Stimulus Winning as Biden Surges in Polls and Bitcoin Eyes $12K.

He signaled his eagerness to strike a deal with leaders of the opposition Democratic party, who have proposed a $2.2 trillion stimulus bill.

If Trump wins in November, he’s likely to continue supporting stimulus spending or easy monetary policy from the Federal Reserve, given his four-year track record of jawboning the U.S.

The Biden campaign has pledged to cancel a substantial portion of Americans’ $1.5 trillion in federal student debt.  .

Wall Street analysts have debated in recent weeks whether a Trump or Biden victory would be better for stocks. What’s good for bitcoin might be easier to pinpoint, since most digital-asset market analysts say the Federal Reserve’s $3 trillion of freshly printed money this year has helped to push up prices for the largest cryptocurrency. 

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