Afterward United states President Donald Trump get-go mooted a $1 trillion stimulus package for the U.S. economic system in the wake of the coronavirus outbreak, people were shocked at what seemed similar a gargantuan amount.

As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that effigy and information technology suddenly seems far more tangible. Binance CEO Changpeng Zhao fifty-fifty tweeted that the new financial dialogue meant a $ii trillion market cap for Bitcoin could be considered "minor".

Will a devaluing U.S. Dollar push Bitcoin to $100K?

The Federal Reserve and central banks around the world have started churning out fiat money in an endeavour to forbid a deeper COVID-19-driven fiscal crash through quantitative easing.

Trillions are on the table, and Bitcoin has already seen toll gains following the Fed's suggestion that it could print an infinite amount of cash. According to Zhao, Bitcoin ride this wave all the way to $100,000:

"As nosotros get used to talk about Trillions, a modest $2 trillion market cap of #bitcoin will put 1 BTC at $100,000. Not such a difficult to imagine number now, right?"

Bitcoin price appreciation additional by HODLers

Zhao went on to explain that, because nigh Bitcoin is in the hands of HODLers and not for sale, just a minor percentage of the $2 trillion U.Due south. stimulus package would need to period into Bitcoin in club to reach an equivalent market cap.

Of course, Zhao's bullishness for Bitcoin is swiftly becoming a meme, and many of his Twitter followers responded that such a prediction could only be a sell signal. However, with more dollars being printed by the day, Bitcoin's express supply may well be in its favor.