First Mover: Stimulus Winning as Biden Surges in Polls and Bitcoin Eyes $12K

The outcome of next month’s U.S. presidential election may not matter much for bitcoin’s price: Economic stimulus in the trillions of dollars is likely no matter who wins, bolstering the largest cryptocurrency’s appeal as a hedge against inflation. 

President Donald Trump over the past week has reversed his opposition to a new government-spending bill following April’s $2 trillion coronavirus-aid package. He signaled his eagerness to strike a deal with leaders of the…


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