Correction: The $1.9T stimulus bill has not yet passed in the House. The negotiations continue.
Summary
Today Bitcoin exceeded $50,000 for the first time in history. The St. Louis Federal Reserve begins to validate Bitcoin. Some noteworthy comments were made about Bitcoin and corporate balance sheets. The $1.9T stimulus bill is currently working its way through the House of Representatives. If the $1.9T stimulus bill passes we should expect to see continued asset inflation.
Tweets of the Day
St. Louis Federal Reserve acknowledging Bitcoin’s alikeness to gold
More executives eye bitcoin for corporate balance sheets. US Corporations currently have $4T in cash sitting on their balance sheet.
3. MicroStrategy prepares for another $600M purchase of Bitcoin
4. International companies begin adding Bitcoin to their balance sheets
Some thoughts on the $1.9T stimulus.
Quote of The Day
"This insertion of liquidity weakens the dollar’s value while increasing the value of assets measured in dollars.”
Cheers,
Bitcoin Daily