Looks like it's official more stimulus on the way
Senate Passes $1.9 Trillion Coronavirus Relief Bill
(Source: https://twitter.com/CNBCnow/status/1368251223565078534)
Good news is on the way for crypto, stocks, and those that need it!
The senate approved the $1.9 trillion pandemic relief bill moments ago
More on that can be see in the link below, but here's the gist of the changes:
The legislation includes direct payments of up to $1,400 to most Americans, a $300 weekly boost to jobless benefits into September and an expansion of the child tax credit for one year. It also puts new funding into Covid-19 vaccine distribution and testing, rental assistance for struggling households and K-12 schools for reopening costs.
Keep in mind that the $1400 is not going to "most Americans" and is actually likely going to less than was originally expected.
Either way a ton of money is going to be flowing into limited assets.
What do you think that does to their prices?
Stay informed my friends.
-Doc
I wonder if this might finally get the gold price to move up.
Thanks for sharing news
Well, I'm glad to see it... sadly, I'll be handing all of ours off to pay property taxes... the government giveth, and the government taketh away...
I do hope some people will buy some crypto, though...
@jrcornel Yes I have also heard about this package. I guess they will increase to $2k which is quite good. Let see how it affect to the crypto market.
Hi @jrcornel
$1.9 Trillion is a huge amount and issuing this as covid relief will help a lot. Covid has affected people's live badly and this kind of financial support is much helpful.
Thanks for sharing this. I just hope the money glowing in circulation will not affect the value of usd soon enough