The US Senate prepared a $ 2 trillion incentive package a few hours ago. With this package, senators are trying to reduce the economic effects of the coronavirus outbreak.
This move of the Senate has activated both the global markets and the crypto money market. Bitcoin price rose above $ 6 thousand 700 after this news from the Senate. Binance CEO Changpeng Zhao thinks that BTC can go much higher.
100 thousand dollars possible
The US Central Bank has injected trillions of dollars into the economy in the past few weeks and cut interest rates. Now, an incentive package of 2 trillion dollars has been released from the US Senate to support the economy.
Binance CEO Changpeng Zhao commented on these developments from his social media account, and recently hinted that “trillions” were flying in the air. Saying that people are used to hearing the word “trillion dollars” now, Zhao thinks that the market value of Bitcoin may increase up to 2 trillion dollars over time.
Bitcoin currently has a market value of $ 122.5 billion. Along with 18.2 million BTC in the circulation, the price of Bitcoin is at the level of 6 thousand 700 dollars. If the market value of Bitcoin increases up to $ 2 trillion over time, this will make the BTC price exceed $ 100 thousand.
Changpeng ZHao does not comment on when and how this can happen. But he believes this is at least possible.