<span style="font-weight: 400">Ever since the COVID-19 outbreak, U.S. citizens have received two stimulus packages from the government. According to the recent reports, the U.S. President-elect Joe Biden, will be <a href="https://news.bitcoin.com/crypto-advocates-think-joe-bidens-3-trillion-stimulus-plan-will-bolster-bitcoin/" target="_blank" rel="nofollow noopener">rolling</a> out another stimulus package worth $3 trillion. The major purpose of this package is for COVID-19 relief. Some of the important people from the Biden administration who are also behind this stimulus package are indicating that Biden’s $3T stimulus plan might also help to strengthen Bitcoin. This is because those people have told crypto proponents that Bitcoin will experience a huge surge in the coming time.</span>
<h2><b>Biden’s $3T Stimulus Plan Will Finance COVID-19 Relief</b></h2>
<span style="font-weight: 400">Biden’s $3T stimulus plan will majorly focus on financing COVID-19 relief as the U.S. has been hit very severely from the virus. Before this, U.S. people have also received stimulus packages, two times and they were $1200 and $600 per person. Along with this, it has also been seen that the U.S. has printed an extensive amount of USD in 2020. Not only this $3 trillion plan, Americans might also get $2,000 coronavirus payment from the Biden administration. Biden will also introduce his “Build Back Better” program, which is meant to increase the overall capital gains. </span>
<h2><b>Bitcoin Surged by 35% With Announcement of Stimulus Package </b></h2>
<span style="font-weight: 400">When Biden’s $3T stimulus plan was announced, Bitcoin had seen a surge of 35%. It is now believed that stimulus package is going to take both stock and crypto market to another level. Lark Davis, a famous YouTuber, has said:</span>

<i><span style="font-weight: 400">“Massive new U.S. stimulus package coming with the new Biden administration. 3 trillion on the table. Bitcoin [is] going to Jupiter.”</span></i>

<span style="font-weight: 400">In the next four years, a lot of new developments will be coming in different sectors and the crypto market is keeping high hopes with the incoming Biden administration. Previously, there were also talks that the Biden administration could roll out <a href="https://www.cryptoknowmics.com/news/biden-administration-could-roll-out-new-crypto-regulations/">new crypto regulations</a>.</span>

Biden’s $3T Stimulus Plan Might Boost Bitcoin: Crypto Analysts

Biden's $3T stimulus plan will be coming anytime soon which is majorly for financing COVID-19 relief and along with this, it might also boost Bitcoin.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Biden’s $3T Stimulus Plan Might Boost Bitcoin: Crypto Analysts

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