Early Wednesday, congressional leaders achieved a bipartisan agreement to provide $13.6 billion to Ukraine and European allies, as part of a $1.5 trillion plan to fund federal agencies for the remainder of the year.
Last week, President Biden requested $10 billion for military, humanitarian, and economic relief, and Democratic and Republican support was so strong that the sum quickly expanded to $12 billion on Monday, and $13.6 billion the next day.
The 2,741-page bill was expected to pass the House on Wednesday and the Senate by the end of the week, though the Senate’s specific timeline remained unknown. The urge to assist Ukraine by the White House pushed lawmakers to act.
They also face a Friday deadline to pass the government-wide budget bill or risk a weekend federal closure during an election year.
More Stimulus and QE Incentivizes Bitcoin Adoption
Over the past two years and the Pandemic, the money supply was increased by +30% in an unprecedented FED intervention.
In that time, Bitcoin flash-crashed to $3K in the March 2020 sell-off before it ran to $69K. Bitcoin is the complete antithesis to the US dollar and fiat system. The FED oligarchs have the ability to tamper with monetary policy at a whim, while the government holds the ability to completely shut off an individual or nation from their money and assets.
As the White House throws flames to the fire of dollar debasement, in steps Bitcoin.