RATE Group | As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap
84149
post-template-default,single,single-post,postid-84149,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap

25 Mar As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap

Posted at 09:22h in Bitcoin News by

[ad_1]

After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount.

As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it suddenly seems far more tangible. Binance CEO Changpeng Zhao even tweeted that the new financial dialogue meant a $2 trillion market cap for Bitcoin could be considered “modest”.

Will a devaluing U.S. Dollar push Bitcoin to $100K?

The Federal Reserve and central banks around the world have started churning out fiat money in an attempt to prevent a deeper COVID-19-driven financial crash through quantitative easing.

Trillions are on the table, and Bitcoin has already seen price gains following the Fed’s suggestion that it could print an infinite amount of cash. According to Zhao, Bitcoin ride this wave all the way to $100,000: 

“As we get used to talk…

[ad_2]

Source link

Tags:
, , , , , , , , ,