How is Bitcoin affected?The US economy
The US economy is shrinking at a record level! How is Bitcoin affected? With the coronavirus affecting the whole world, the US economy is shrinking at a rate not seen since the Great Depression of the 1930s in the first quarter of 2020. In just six weeks, a total of 30 million Americans applied for unemployment. Bitcoin can be positively affected by this situation. The United States Federal Reserve Bank has printed trillions of dollars to soften the coronavirus effects in the economy.