Ryze Recap 7/29: Why Bitcoin is Making Yearly Highs
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It’s Wednesday, July 29th. If you’re new here— Ryze Recaps is a newsletter synthesizing the biggest news Bitcoiners need to know, in 2 mins or less. We’ve got one main story for you today. Why Bitcoin is Making Yearly Highs Earlier this week, Bitcoin’s price reached $11,425 and made a new high for 2020. This comes in tandem with a potential second round of fiscal stimulus, with Congress considering a $1 Trillion relief package for individuals and businesses (mainly the latter). This would bring the total amount of fiscal and monetary stimulus to $3.2 Trillion in the US. Investors and speculators see this as a debasement of the Dollar, which is weakening in all aspects.
Ryze Recap 7/29: Why Bitcoin is Making Yearly Highs
Ryze Recap 7/29: Why Bitcoin is Making Yearly…
Ryze Recap 7/29: Why Bitcoin is Making Yearly Highs
It’s Wednesday, July 29th. If you’re new here— Ryze Recaps is a newsletter synthesizing the biggest news Bitcoiners need to know, in 2 mins or less. We’ve got one main story for you today. Why Bitcoin is Making Yearly Highs Earlier this week, Bitcoin’s price reached $11,425 and made a new high for 2020. This comes in tandem with a potential second round of fiscal stimulus, with Congress considering a $1 Trillion relief package for individuals and businesses (mainly the latter). This would bring the total amount of fiscal and monetary stimulus to $3.2 Trillion in the US. Investors and speculators see this as a debasement of the Dollar, which is weakening in all aspects.