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Biden rejects Bitcoin-sized COVID-19 rescue plan as money printers prime for action

CryptocurrencyFeb 03, 2021 08:00AM ET
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Biden rejects Bitcoin-sized COVID-19 rescue plan as money printers prime for action

United States President Joe Biden has rejected a Republican proposal for a COVID-19 relief bill that would have seen $618 billion allocated to struggling American households and businesses.

Biden and newly appointed Treasury Secretary, Janet Yellen, dismissed the sum — just under the size of Bitcoin’s entire market capitalization — as insufficient for stimulating the economy amid the ongoing pandemic, Reuters reported.

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Biden rejects Bitcoin-sized COVID-19 rescue plan as money printers prime for action
 

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Comments (2)
Nordic Fire
Nordic Fire Feb 03, 2021 9:00AM ET
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All we need is vaccines. Streamline funding for whatever thet requires. Get everyone back to working normally
Hoàng Cường
Hoàng Cường Feb 03, 2021 8:35AM ET
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Bitcoin= 20000 usd. ETH = 972 usd
 
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