Trump Administration Readying $1.8T Stimulus Proposal: Report
Bitcoin is up 54% this year on speculation that trillion-dollar stimulus efforts by governments and central banks will lead to inflation.
Updated Sep 14, 2021 at 10:07 a.m. UTC
![White House, Washington, D.C.](https://www.coindesk.com/resizer/IYd3LFQIna7klAPyj3z39i_Hhas=/567x378/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/REVTNB5NL5DMHCUPQ6T3G4FST4.jpg)
The Trump Administration is preparing a $1.8 trillion coronavirus stimulus proposal, its largest such offer in negotiations with the Democrat-, the Wall Street Journal reported, citing people familiar with the discussions.
- Bitcoin (BTC) prices have been buoyed this year as investors bet that trillions of dollars of government and central bank spending around the world in response to the coronavirus-induced slowdown will inevitably result in inflation, and therefore be positive for the cryptocurrency.
- As such, if a stimulus deal is reached, BTC may rise further.
- In recent trading, BTC was up 1.3% to $11,059. Prices have gained 54% for the year to date.