We saw what happened with the COVID stimulus checks and how the crypto market absolutely exploded. Now imagine something similar happening again, except this time crypto is way more mainstream than it was five years ago. Millions of people who had no idea what crypto was back then are now familiar with Bitcoin, Ethereum, and other coins. If people start receiving checks again, I guarantee a good portion of that money will find its way into the crypto market.
People are struggling financially, living paycheck to paycheck, and desperately looking for ways to get ahead. Some will invest a little, while others will throw their entire checks into the market, hoping to turn a quick profit. Add in social media hype, FOMO, and the possibility of another bull run, and things could get crazy pretty quickly.
I'm not saying I actually believe the man is going to follow through with his promise, but if he does, I think people are seriously underestimating what could happen. Whether it's sustainable or not is a completely different conversation. Either way, the market would definitely get interesting, and I wouldn't be surprised to see another massive wave of retail investors jumping in.
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