U.S. President Joe Biden\u2019s $1.9 trillion COVID Relief Bill has passed congress, and stimulus checks are soon to be distributed. Early signs indicate recipients are ready to buy Bitcoin.A survey by Mizuho Securities showed that out of 235 participants who expect to receive stimulus checks from the COVID Relief Bill, 10% are interested in investing in Bitcoin. It\u2019s a small sample size, but according to the survey investing in Bitcoin was a more popular response than investing in traditional stocks.If that kind of runaway popularity doesn\u2019t move you in itself, consider that it could translate into $40 billion running like a river directly from Biden\u2019s $1.9 trillion stimulus package into Bitcoin.In the same week, Bank of America strategists suggested to Bloomberg that the price of BTC can be moved 1% for just $93 million.Bank of America strategists said in a note to Bloomberg on Wednesday: \u201cBitcoin is extremely sensitive to increased dollar demand. We estimate a net inflow into Bitcoin of just $93 million would result in price appreciation of 1%, while the similar figure for gold would be closer to $2 billion or 20 times higher. In contrast, the same analysis for the 20-year-plus Treasuries shows that multibillion money flows do not have a significant impact on price, pointing to the much larger and stable nature of the U.S. Treasuries markets,\u201dIf you take the survey and projections on face value, you could surmise Bitcoin prices will be moved by over 430% by the influx of $40,000,000 flowing in from invested U.S. COVID Relief money.It seems reasonable to expect the 12 month Bitcoin bull run to continue, making it the crypto success story of 2021, right?DeFi Could Steal Bitcoin\u2019s ThunderBefore the Bitcoin bull run, DeFi was a strong competitor as the most dominant story in crypto. BTC\u2019s new price heights\u2026<\/p>","protected":false},"excerpt":{"rendered":"
U.S. President Joe Biden\u2019s $1.9 trillion COVID Relief Bill has passed congress, and stimulus checks are soon to be distributed. Early signs indicate recipients are ready [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4027"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4027"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}