In a few days, every citizen of the United States of America would be receiving a $1200 equity free stimulus package as a way to lessen the strain that the Corona virus has had on the country.
This bill was passed a few days ago, and distribution would begin soon.
While it might be tempting to save the money or blow it on the brand new PS5 coming soon, it's best that you keep that money in crypto. Here's why.
The US recorded 6 million+ people as being without a job. That's a lot of people.
The unemployment rate just went bonkers through the roof, and that can't be good for the country, at least in the short term.
With the US being the epicenter for the Corona virus'activities at this point, with its death number second only to France, there's no telling how much worse things could possibly get.
Therefore it is best to secure your future while you still have today. Investing in a market like crypto is a great hedge against the outside world.
This market isn't affected by unemployment rates, and it is certain that it isn't affected by the Corona virus. NFP also doesn't cause a boom or bust in this market. I know that that was obvious, but I couldn't resist.
This lockdown might also be a great time to learn crypto trading, as it is a very rewarding sport.
In the next few hours, I would be compiling posts talking at length on some of the topics hinted in this post. Stay tuned!