It is only a matter of days now until the 46th president of the United States is inaugurated. Cointelegraph suggests that President Biden’s USD 3 Trillion stimulus package could give Bitcoin a boost and set its price rocketing.

It argues that this “could ignite the next leg of the BTC bull market, as more investors seek refuge from a crumbling United States dollar.”

According to Axios, Biden has asked Congress to provide Americans with $2,000 in stimulus payments to help offset the economic devastation of Covid-19. …

A Happy New Year to all of you, and let’s hope it is a better year than 2020, which took us all by surprise with the coronavirus.

Cryptocurrency enthusiasts have had an excellent start as the value of Bitcoin, and the leading altcoins, such as Ethereum (ETH) and Litecoin (LTC) have been surging in value over the Christmas period. It has kept many of us glued to the price on an hourly basis. …

As the price of Bitcoin (BTC) surges upwards, many retail investors may think it’s too late to arrive at this party, but Jordan Finneseth at Cointelegraph says there is at least one way to buy effectively in this bull cycle.

You can always tell when there is a buzz around BTC, because the mainstream media suddenly starts publishing stories about it: the rest of the time it simply ignores the entire cryptocurrency and blockchain sector. Whilst some big names in crypto may tweet about the fortunes they have made, this is not the average experience with Bitcoin investing, yet that doesn’t mean there is no money to be made. …

This week has started with Bitcoin pulling back from a dip again to retest the $20,000 mark. Everyone is watching closely to see if it can get there before Christmas, or before New Year. What might influence its rise or fall? Here are a five things that Cointelegraph advises us to watch out for.

In the USA, talks are focusing on a coronavirus stimulus package. At around $900 billion This will test the strength of the USD. It will help various sectors, but not the average citizen. …

All eyes are on Bitcoin in the run up to the end of 2020. Just over a week ago, it reached $19,920 and starts this week at $19,247, indicating that there is a struggle to get the price over the $20,000 mark of its previous all time high (ATH). What is the reason for this?

Analysts, according to Coindesk, say it is very simple: “There are too many sell orders very near the $20,000 level because some Bitcoin holders are afraid of near-term sell-offs.”

Simon Chen, executive director of investment and trading at Hong Kong-based crypto lender Babel Finance, said, “A huge [number] of sellers are offering orders near the $20,000 level, which has no doubt created a strong resistance level.” …

There was a lot of excitement last week as Bitcoin’s price soared towards the dizzying height it reached in late 2017, only to suddenly see a rather dramatic price correction, creating Fear, Uncertainty and Doubt (FUD) in Bitcoin traders. But, Dermot McGrath at Sino Global Capital, as blockchain investment specialist, said in response to the situation that his firm would not be giving into FUD, and instead would take a longer-term view.

McGrath also suggested that traders take little notice of the Chinese governments seizure of $4.2 billion in cryptocurrenices, in relation to Plustoken. Rumours circulated after Bitcoin’s sudden dip to $16,200 that those tokens were poised to be dumped on the open market, crashing prices further. …

Which countries come to your mind if you were asked this question? Perhaps not the USA given the history of its relationship with crypto? However, Jake Yocom-Piatt, co-founder of Decred, sees the nation as the most crypto-friendly.

He said: “Cryptocurrency transactions are a form of speech, so states where free speech is protected are the least likely to restrict cryptocurrencies. While the U.S. currently suffers from many substantial sociopolitical problems, the combination of its freedom of speech with protections against forced disclosure of passphrases makes it the most crypto-friendly country in the world.”

It seems to be a rather odd claim given the ICO lawsuits, and its cryptocurrency regulations. One US Representative, Tom Emmer, believes the US is “hurting innovative progress amid its legal processes and requirements.” Yocom-Piatt looks at it from an entirely different perspective. …

According to Christine Lagarde, president of the European Central Bank (ECB), a decision about issuing a digital Euro might be made as early as January 2021.

However, she stressed that the ECB is not “racing to be first” in the quest to launch a central bank digital currency, perhaps because it already looks like China will win that race. However, it is important to note that where once there may have been resistance to a digital equivalent of a fiat currency, more countries are accepting the idea.

Lagarde hinted that the ECB is leaning toward pushing ahead with a central bank digital currency, and said: “My hunch — although this is a decision that will be taken collectively — is that we might well go in that direction.” …