A second stimulus package for the people of the United States has been discussed for several months. Today President Trump decided to postpone the matter until the end of the 2020 presidential election. This appears to have caused the price of Bitcoin (BTC) and other major markets to drop.
“Nancy Pelosi is asking for $ 2.4 trillion to save ill-managed and criminal democratic states, money that is in no way related to COVID-19.”, He said Trump in a tweet on October 6th.
“We made a very generous $ 1.6 trillion offer and, as usual, he’s not negotiating in good faith. I decline his request and look to the future of our country.”
The stimulus package will not be discussed further before the election, the president said in his subsequent tweets: while boldly predicting his election victory. “In the immediate aftermath of your victory, we will pass a major stimulus bill that will focus on working Americans and small businesses.” Publicity.
After posting these tweets, the market reacted with disapproval. The stocks fell noticeably while Bitcoin fell $ 200 before the easy bounce, Maintained at $ 10,595 at the time of this writing.
Bitcoin’s decline seems to suggest that the asset’s price will continue to react in parallel with mainstream markets, at least when it comes to major tax news. For some, this contradicts the asset’s supposed role as a store of uncorrelated value.