When Past Shutdown Ended, Bitcoin Soared 96% and 157%
Summary
The potential end of a 41-day US government shutdown, coupled with President Trump's proposed "tariff dividend" fiscal stimulus, is fueling speculation about a Bitcoin breakout as liquidity returns to the market. Historically, Bitcoin surged 96% and 157% following previous shutdown resolutions in 2018 and 2019, though these rallies may not be solely attributable to the shutdown's end. Economist Peter Schiff noted that the end of the shutdown means deficits and inflation will rise, pushing investors toward alternatives like Bitcoin. While the Senate passed a resolution, final approval is pending. The proposed "tariff dividend," potentially injecting significant funds into the economy, further supports a risk-on environment for assets like BTC. Bitcoin currently sits near $105,300, poised for a potential new growth cycle if fiscal measures are implemented, but analysts caution that past rallies might not guarantee future results, and macroeconomic conditions remain key.
(Source:BeInCrypto)