What can be more bullish for bitcoin? MORE MONEY PRINTING!!
As said by Peter Schiff "Nothing is more permanent than a temporary government program"
With the first round of Stimulus being distributed some time this week, it made me wonder.. Is this REALLY the last time they will be doing this? My guess is no, its the first time they will be distributing free stimulus to tax payers. Its my sole belief that the government wants nothing more than to get its citizens dependent on them. Like a drug, when people get that first hit, they keep trying to chase the first time high ever time after that. The same will happen when stimulus dollars get injected to the citizens.
The fear over the CV will not be going away anytime soon. And with many people ignoring stay at home orders, the government has the perfect excuse to keep the quarantine going much longer. I expect the $1200 in tax payer stimulus to become permanent through law passed by lawmakers. It may even get to a point where it will become a universal basic income system. With people forced out of work due to the virus concerns, the people will rebel if they go hungry. And the government that wants to stay in power can not allow any form of rebellion from its citizens.
While there are people who will legitimately need the money, there are others who know how to play the tax laws to their advantage. With many tax write offs and loop holes available there will be people that slip through the cracks and receive the stimulus. Then there are the blatant, in your face bail outs given the multinational companies. There is no doubt in my mind with all this extra money in the system it will go where fiat goes to die: Bitcoin!
Bitcoin will emerge as a sole safe haven in a world where fiat is free and government only knows to print themselves out of existence!
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BTC: 3Ai1JnVFCm1Ry6KGMEiaGJUZVzpLEkpdat
ETH: 0x5B596d476519aC7DFC010308d7Ca9894C4fb80cf
BCH: qzcfadgaucq9c0saal2yj3d0z4rey55cecry80tadq
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LTC: MTdfo22zXnPU5G2hoams24MR6iHPS6NeXQ
