Coronavirus Stimulus Checks may Give Bitcoin a Price Boost » The Merkle News

Americans will soon receive their stimulus checks to help fuel the domestic economy. How much of that money will be spent on buying Bitcoin or other cryptocurrencies, will be rather interesting to observe.

Coronavirus stimulus checks are being sent out to citizens of the United States.

Coronavirus Stimulus Checks are Coming

Every citizen will receive roughly $1,200 in “extra money” thanks to the government and Federal Reserve.

Since the coronavirus crisis began, a lot of people have been struggling to make ends meet.

How much difference these stimulus checks can make, remains a matter of debate of speculation.

Recipients are free to spend this money however they see fit.

Many Bitcoin enthusiasts expect a lot of the money to flow into cryptocurrencies over the coming weeks.

If that is the case, the coronavirus will be a catalyst for broader Bitcoin adoption after all.

Injecting this $2 trillion into the US economy should have a positive effect for the country during the