Chart published in social media by Brian Armstrong, CEO American cryptocurrency exchanges Coinbase suggests that part of the American population wants to use checks they receive from the government to buy cryptocurrencies.
Brian Armstrong: 1200 USD deposits affect cryptocurrency exchanges
Tweet published by Armstrong on April 17, shows that deposits and purchases worth $ 1,200 – the exact value of government checks – have more than quadrupled recently. Although the tweet does not say it explicitly, the data most likely comes from Coinbase, led by Armstrong.
– Brian Armstrong (@brian_armstrong) April 16, 2020
Financial assistance for those affected by the crisis
The $ 1,200 increase in deposits and purchases coincides with the government’s sending of the famous checks. Every adult American (except the richest) received a check for $ 1,200, and for each child $ 500. This is to alleviate the economic hardships experienced by many US residents who have lost their jobs or are experiencing significantly lower income as a result of the Wuhan virus pandemic.
Let us remind you that in the USA many factories, but also places connected with culture, restaurants and cinemas, were closed to stop the spread of coronavirus. Thus, many people are left without income sources.
As the Washington Post recently reported, even low-income Americans who do not file tax returns are now entitled to receive these checks.
The demand for the latter is so high that the servers of some banks were not able to handle orders and did not work properly. About 80 million US residents have access to assistance.
Wayne Chen – Interlapse CEO and founder of the Coincurve digital currency platform, Cointelegraph recently said the stimulus package could push the Bitcoin market (BTC) up. I think this is happening now. Today, you pay $ 7,200 for 1 BTC.
Current course You can always check Bitcoin and other cryptocurrencies in the tabs: course Bitcoin and cryptocurrency exchange rate on Bitcoin.pl. A place where you can buy Bitcoin and other kryptowaluty, include cryptocurrency exchange BitBay.net. If you don’t have a BitBay account yet, this article will show you how to create one efficiently: LINK.
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