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24 October 2020

More Stimulus Money Could Have Positive Effect on BTC | Live Bitcoin News

More Stimulus Money Could Have Positive Effect on BTC | Live Bitcoin News


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It can be argued that one of the big things that potentially put bitcoin back on the map was the first round of stimulus checks that were first issued in April and May of this year.

Following the approval of the checks, Americans who were struggling got a little bit of money back in their pockets, and they began to feel a little more confident that things wouldn’t turn out poorly.

However, that first round of stimulus checks saw things improving in the economy, and crypto and stocks began to surge back to their initial positions.

CEO of Coinbase Brian Armstrong even reported that his exchange was seeing bitcoin purchases of approximately $1,200 each, which is how much the stimulus checks were for.

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