Will Bitcoin surge higher amid $1.9 trillion stimulus package?

will-bitcoin-surge-higher-amid-1-9-trillion-stimulus-package

The third stimulus check of $1,400 is set to credit millions of Americans as a part of the $1.9 trillion COVID-19 relief bill signed by President Joe Biden last week. The unprecedented stimulus spending seemed to help a hyperbolic jump in the price of cryptocurrencies, Bitcoin in particular. 

Since the passage of the $2.2 trillion check in March 2020, cryptocurrencies like Bitcoin and Ethereum are up 788% and 1,264%, respectively. Bitcoin & ETH prices also boosted since December when the $900 billion package was passed.

will-bitcoin-surge-higher-amid-1-9-trillion-stimulus-package

According to a survey result, it showed that nearly $40 billion of the stimulus check will be used to invest in bitcoin. Bitcoin was found to be the preferred investment choice among stimulus check recipients, which will add more speed to a trading frenzy that swept the cryptocurrency industry last year.

In the coming weeks, over $400 billion will be pumped into American households through stimulus checks. Based on Bex500 analysts, we can foresee stimulus may boost bitcoin to $65K – $70K. 

Is it Too Late to Invest in Bitcoin?

That prompts the question: Is it too late to buy BTC now? Definitely, you can’t be too late with disruptive technology like Bitcoin, which only reaches 1% of the world’s population at the moment. In other words, if you buy bitcoin now, you are still an early adopter.

will-bitcoin-surge-higher-amid-1-9-trillion-stimulus-package

However, if you want to get bigger gains from the Bitcoin market, we suggest you to try BTC futures trading. During the Bitcoin rally, you can buy a contract worth 10 BTC. And your potential profits will also be amplified 100 times.

Let’s see the example to make profits with BTC futures added 100x leverage:

If longing BTC with 1 BTC at $58,000, when it climbs back to $62,000, you will also earn 

1 BTC * ($62,000-$58,000)/$62,000*100% = 6.45 BTC. 

Bex500 is one of the top crypto leveraged trading exchanges in the cryptocurrency futures market. Established in 2018 and headquartered in Hong Kong, Bex500 has gained the popularity of over 1,000,000 crypto traders around the world. Below are the reasons why investors like trading in Bex500:

  • Four trading modes for both newbies and veterans – crypto Perpetual Contract, Forex, Commodity, and Double Contract with up to 200x leverage.
  • No KYC – Traders can easily register an account with email without the risks of leaking out personal information.
  • Assets secure – Client’s cryptocurrencies (Bitcoin or USDT) are stored in cold wallets with multi-signature encryption. 
  • Trading simulator – Beginners or less experienced investors can try futures trading with free $5000
  • High liquidity – By utilizing an end-to-end optimized stack running on customer dedicated nodes, orders can be executed with low latency even during the huge market volatility. 
  • Mobile support – Trade on your iOS or Android devices with user-friendly Bex500 apps anywhere anytime. 

For bold and experienced investors, 100x leveraged BTC futures trading is the best way for them to maximize the profit with a small amount of capital. Register and trade BTC futures in the Bex500 exchange, you can enjoy a 100% BTC bonus which can be used in trading and withdrawn. 

will-bitcoin-surge-higher-amid-1-9-trillion-stimulus-package

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