Now, with the debate around the possibility of a second stimulus check raging on, a prominent bitcoin analyst has examined what would happen if people invested their stimulus checks into bitcoin en masse—warning it could be a "disaster." MORE FROM FORBES Winklevoss Twins Make The 'Ultimate' Case For A $500,000 Bitcoin PriceThe bitcoin price has bounced around $10,000 per bitcoin over recent days. If a second stimulus check is approved by the Federal government, it's thought it could cause an uptick in the bitcoin price. "A second stimulus check might increase the [bitcoin] price," Brandon Mintz, chief executive of bitcoin ATM network Bitcoin Depot, said via email. Take a look at how much it has increased since most people got their last stimulus check.

Source: Forbes September 08, 2020 06:34 UTC