Bitcoin price hits $51K as U.S. Senate passes $1.9 trillion stimulus
Bitcoin reaches $51,000 as the U.S. Senate greenlights $1,400 "stimmy" checks for Americans. The price of Bitcoin (BTC) reached over $51,000 on March 7 after the U.S. Senate passed the anticipated $1.9 trillion stimulus bill, which is roughly two times larger than the market capitalization of BTC.United States' President Joe Biden said that the Senate's approval shows major progress in delivering a "desperately needed" stimulus bill to Americans. He said:“Today I can say we’ve taken one more giant step forward in delivering on that promise, that help is on the way. It wasn’t always pretty,....
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Francis Suarez, the mayor of Miami, bought bitcoin in response to a $1.9 trillion stimulus bill passed by the U.S. Senate in March.
People who invested their first stimulus check into Bitcoin in April 2020, would now have more than $10,000. A Twitter account named “$1200 Stimulus Is Now Worth” has been tracking how much the first US $1200 stimulus would be worth if you invested in Bitcoin when the funds were sent out from April 15, 2020. The passing of the first $1200 stimulus bill in April last year corresponded with a huge bull run in the cryptocurrency and stock markets. Bitcoin was sitting at $6,848 on April 15, and if you had invested the $1200 stimulus then it would now be worth $10,211 at today's prices of....