Bitcoin

$6 Trillion Biden Bitcoin Inflated

When something hits you, it can get worse. This appears to apply to both the weather and the expansion of the US monetary base. According to a report by The The New York TimesAnd the “President Biden will propose a $6 trillion budget on Friday that would take the United States to its highest sustainable levels of federal spending since World War II, while deficits to exceed $1.3 trillion over the next decade.”

Only a year ago, the pandemic began, and the Federal Reserve had to start a major stimulus to the economy via inflation and quantitative easing. Starting at $2 trillion, the stimulus package was supposed to keep the US economy going. Definitely, The epidemic was just a catalyst to increase The current inflationary practices of the Federal Reserve.



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