Jay Hao, the CEO of crypto exchange OKEx, suggested that a second United States stimulus plan could result in Bitcoin’s (BTC) price growing further.
In a LinkedIn (NYSE:LNKD) post on Monday, Hao explained that after the first $2.2 trillion stimulus bill was signed in late March, Bitcoin surged by around 58% from $6,580 to $10,400. He cited a recent Bloomberg article reporting that Trump administration officials expect to spend another $1 trillion to stimulate the American economy amid the coronavirus crisis:
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