Impact of U.S. Infrastructure Bill on Bitcoin

Senators just voted 67-27 to limit debate on a big infrastructure bill. This is a major investment into things like roads and bridges after ages of neglect.

Biden's backing this big time, saying it's a generational investment that’ll create jobs. Can’t just go back to how things were pre-COVID.

Heard a lot of folks are putting their stimulus checks into Bitcoin. Are people just gonna blow that money or can we expect more checks in the future?

Yeah, I think retail investors won’t do much. But those big institutional players, they’ll probably jump on it, especially if inflation kicks in.

True that. Every time they print more cash, Bitcoin tends to go up since the dollar loses value. It’s a hedge against inflation.

Exactly. Institutions reacting to cash printing impacts Bitcoin too. But retail investors might not have that much power. Their cash won’t move the market.

I feel there's a real link between interest rates and Bitcoin prices. Companies like Tesla hold Bitcoin instead of cash, but will the average guy even matter?

If construction workers invest a bit of their pay into Bitcoin, it might nudge the price up a bit. But it’s the big players that make real waves.

About this bill, keep an eye on Cynthia Lummis. She’s pushing for Bitcoin-friendly changes. A lot riding on her and what happens in the Senate.

The Lummis amendment got blocked by Senator Shelby. He’s not in it for us, he’s with the big banks. Cruz tried to cut crypto stuff out too, but no luck.