Trump’s $5,000 Checks Could Send Billions Into Bitcoin and Crypto: But There’s a Catch
• President Trump has promised a $5,000 "dividend" to every adult US citizen if Republicans maintain control of Congress, which could potentially inject billions into Bitcoin and other digital assets.
• Analyst Crypto Rover estimates that even a small percentage of this liquidity could lead to $60 billion-$130 billion entering the crypto market, given the current market's improved capacity to absorb retail capital.
• Significant political and economic hurdles remain, including skepticism from some Republicans and the need for congressional approval, making the distribution of these payments uncertain.
https://cryptopotato.com/trumps-5000-checks-could-send-billions-into-bitcoin-and-crypto-but-theres-a-catch/
🌐 From @CryptoPotato
• President Trump has promised a $5,000 "dividend" to every adult US citizen if Republicans maintain control of Congress, which could potentially inject billions into Bitcoin and other digital assets.
• Analyst Crypto Rover estimates that even a small percentage of this liquidity could lead to $60 billion-$130 billion entering the crypto market, given the current market's improved capacity to absorb retail capital.
• Significant political and economic hurdles remain, including skepticism from some Republicans and the need for congressional approval, making the distribution of these payments uncertain.
https://cryptopotato.com/trumps-5000-checks-could-send-billions-into-bitcoin-and-crypto-but-theres-a-catch/
🌐 From @CryptoPotato