Quote:Among the many reasons for cryptos recent rise, Galaxy Digital's Mike Novogratz told CNBC this morning that the latest round of stimulus checks - and promises of even more to come under a Biden administration and now Democrat rule - could be further fuel for the rise in Bitcoin...
"A lot of that [stimulus] will find it's way into the markets. Certainly, when it comes into young people's hands, they're going right to their Robinhood accounts. One of the most unique things last time was seeing how many people bought Bitcoin with the exact amount of stimulus. Boom, boom."
So much for people being desperate for money.