{"id":418829,"date":"2020-03-22T10:00:19","date_gmt":"2020-03-22T10:00:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=418829"},"modified":"2024-06-11T13:46:39","modified_gmt":"2024-06-11T13:46:39","slug":"bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/","title":{"rendered":"Bitcoin Bulls Roar as U.S. Politician Proposes &#8216;Two $1 Trillion Coins&#8217; Idea"},"content":{"rendered":"<p>Bitcoin bulls were quite pleased on Saturday morning when Bloomberg&#8217;s Joe Weisenthal shared the<a href=\"https:\/\/tlaib.house.gov\/sites\/tlaib.house.gov\/files\/Automatic%20Boost%20to%20Communities%20Act%20.pdf\" rel=\"nofollow\"> &#8220;Automatic BOOST to Communities Act&#8221; published by Congresswoman Rashida Tlaib of Michigan.<\/a><\/p>\n<p>While all politicians in the U.S. have responded to the coronavirus outbreak by proposing stimulus, Tlaib&#8217;s took the cake for being extreme. The program she proposed, which included a temporary Universal Basic Income, was to get the U.S. Mint to issue &#8220;two $1 trillion platinum coins&#8221; which the Federal Reserve would purchase, crediting $2 trillion to the Mint.<\/p>\n<p>Although some have deemed this measure necessary to ensure the economy doesn&#8217;t crumble further, many in the Bitcoin space have laughed, arguing that this news only proves the absurdity of fiat economics.<\/p>\n<h2>Bullish For Bitcoin<\/h2>\n<p>Bitcoin bulls have understandably been pleased by this proposal. President of the Nakamoto Institute Michael Goldstein<a href=\"https:\/\/twitter.com\/bitstein\/status\/06763776\" rel=\"nofollow\"> jokingly remarked<\/a> in response to the news: &#8220;don&#8217;t worry, you will be able to buy a fraction of a Bitcoin with a $1 trillion coin.&#8221;<\/p>\n<p>This was in evident reference to the belief amongst certain economists and analysts that this plan will cause rampant inflation of the money supply in the U.S., which should theoretically result in the rapid inflation of goods.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Don&#39;t worry, you will be able to buy a fraction of a Bitcoin with a $1 trillion coin. <a href=\"https:\/\/t.co\/OBD4RvkkST\" rel=\"nofollow\">https:\/\/t.co\/OBD4RvkkST<\/a><\/p>\n<p>&mdash; Bitstein (@bitstein) <a href=\"https:\/\/twitter.com\/bitstein\/status\/06763776?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 21, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Others in the cryptocurrency space echoed this, writing how the incessant printing of money by authorities will only cause inflation, thereby proving the value of Bitcoin, which is algorithmically limited to a supply of 21 million coins.<\/p>\n<h2>Money Printing Gone Mainstream<\/h2>\n<p>Even if this extreme plan doesn&#8217;t become reality, the U.S. government and Federal Reserve have already <a href=\"https:\/\/uniquehot.com\/2020\/03\/20\/top-analyst-explains-why-bitcoin-price-is-up-78-amid-coronavirus-outbreak\/\">announced dramatic stimulus measures<\/a> that analysts say will prove Bitcoin&#8217;s value as a disinflationary asset.<\/p>\n<p>On Tuesday, the White House announced emergency measures to save the economy.<\/p>\n<p>The measures include the sending of cheques to every American \u2014 what many have dubbed in the Bitcoin space believe is <a href=\"https:\/\/uniquehot.com\/2017\/06\/17\/helicopter-money-policy-central-banks-will-benefit-global-cryptocurrency-adoption\/\">\u201cHelicopter Money\u201d<\/a> \u2014 to help cover the cost of living while unemployment rises and billions of dollars worth of small business loans and \u201cstabilization funds.\u201d<\/p>\n<p>Along with these measures, the Federal Reserve \u2014 the American central bank \u2014 <a href=\"https:\/\/uniquehot.com\/2020\/03\/03\/feds-surprise-rate-cut-led-bitcoin-to-surge-and-it-crashed-minutes-later\/\">has announced its own efforts to keep the economy stable<\/a>. These include but are not limited to:<\/p>\n<ul>\n<li>$700 billion in large-scale asset purchases, open market operations, quantitative easing, or whatever you want to call it; $200 million of mortgage-backed securities and $500 billion in Treasuries will be purchased by the Fed.<\/li>\n<li>An abolishment to reserve requirements: banks don\u2019t need to hold any of your money on-hand, a far cry from the bearer asset that is Bitcoin.<\/li>\n<li>An emergency policy interest rate cut of one whole percent, 100 basis points.<\/li>\n<\/ul>\n<p>BitMEX\u2019s\u00a0research team released a\u00a0<a href=\"https:\/\/blog.bitmex.com\/inflation-is-coming\/\" rel=\"nofollow\">report<\/a>\u00a0Tuesday on the matter of fiscal and monetary stimulus in this macro environment. They concluded that while they can\u2019t predict when it will come, there will be an inflationary shock potentially on the levels of the 1970s (7% to 15% inflation per annum) that will change the economic paradigm as a result of the stimulus.<\/p>\n<p>They wrote that this will only help Bitcoin:<\/p>\n<blockquote><p>\u00a0In our view, in this changed economic regime, where the economy and financial markets are set loose, with no significant anchor at all, not even inflation targeting, it could be the biggest opportunity Bitcoin has seen, in its short lifetime.<\/p><\/blockquote>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin bulls were quite pleased on Saturday morning when Bloomberg&#8217;s Joe Weisenthal shared the &#8220;Automatic BOOST to Communities Act&#8221; published by Congresswoman Rashida Tlaib of Michigan. While all politicians in the U.S. have responded to the coronavirus outbreak by proposing stimulus, Tlaib&#8217;s took the cake for being extreme. The program she proposed, which included a temporary Universal Basic Income, was to get the U.S. Mint to issue &#8220;two $1 trillion platinum coins&#8221; which the Federal Reserve would purchase, crediting $2 trillion to the Mint. Although some have deemed this measure necessary to ensure the economy doesn&#8217;t crumble further, many in the Bitcoin space have laughed, arguing that this news only proves the absurdity of fiat economics. Bullish For Bitcoin Bitcoin bulls have understandably been pleased by this proposal. President of the Nakamoto Institute Michael Goldstein jokingly remarked in response to the news: &#8220;don&#8217;t worry, you will be able to buy a fraction of a Bitcoin with a $1 trillion coin.&#8221; This was in evident reference to the belief amongst certain economists and analysts that this plan will cause rampant inflation of the money supply in the U.S., which should theoretically result in the rapid inflation of goods. Don&#39;t worry, you will be able to buy a fraction of a Bitcoin with a $1 trillion coin. https:\/\/t.co\/OBD4RvkkST &mdash; Bitstein (@bitstein) March 21, 2020 Others in the cryptocurrency space echoed this, writing how the incessant printing of money by authorities will only cause inflation, thereby proving the value of Bitcoin, which is algorithmically limited to a supply of 21 million coins. Money Printing Gone Mainstream Even if this extreme plan doesn&#8217;t become reality, the U.S. government and Federal Reserve have already announced dramatic stimulus measures that analysts say will prove Bitcoin&#8217;s value as a disinflationary asset. On Tuesday, the White House announced emergency measures to save the economy. The measures include the sending of cheques to every American \u2014 what many have dubbed in the Bitcoin space believe is \u201cHelicopter Money\u201d \u2014 to help cover the cost of living while unemployment rises and billions of dollars worth of small business loans and \u201cstabilization funds.\u201d Along with these measures, the Federal Reserve \u2014 the American central bank \u2014 has announced its own efforts to keep the economy stable. These include but are not limited to: $700 billion in large-scale asset purchases, open market operations, quantitative easing, or whatever you want to call it; $200 million of mortgage-backed securities and $500 billion in Treasuries will be purchased by the Fed. An abolishment to reserve requirements: banks don\u2019t need to hold any of your money on-hand, a far cry from the bearer asset that is Bitcoin. An emergency policy interest rate cut of one whole percent, 100 basis points. BitMEX\u2019s\u00a0research team released a\u00a0report\u00a0Tuesday on the matter of fiscal and monetary stimulus in this macro environment. They concluded that while they can\u2019t predict when it will come, there will be an inflationary shock potentially on the levels of the 1970s (7% to 15% inflation per annum) that will change the economic paradigm as a result of the stimulus. They wrote that this will only help Bitcoin: \u00a0In our view, in this changed economic regime, where the economy and financial markets are set loose, with no significant anchor at all, not even inflation targeting, it could be the biggest opportunity Bitcoin has seen, in its short lifetime. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":418833,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,7918,74607],"class_list":["post-418829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-federal-reserve","tag-money-printer"],"acf":[],"yoast_head":"\n<title>Bitcoin Bulls Roar as U.S. Politician Proposes &#039;Two $1 Trillion Coins&#039; Idea<\/title>\n<meta name=\"description\" content=\"Bitcoin bulls were quite pleased on Saturday morning when Bloomberg&#039;s Joe Weisenthal shared the &quot;Automatic BOOST to Communities Act&quot; published by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bulls Roar as U.S. Politician Proposes &#039;Two $1 Trillion Coins&#039; Idea\" \/>\n<meta property=\"og:description\" content=\"Bitcoin bulls were quite pleased on Saturday morning when Bloomberg&#039;s Joe Weisenthal shared the &quot;Automatic BOOST to Communities Act&quot; published by\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-22T10:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:46:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1709\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Chong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"Bitcoin Bulls Roar as U.S. Politician Proposes &#8216;Two $1 Trillion Coins&#8217; Idea\",\"datePublished\":\"2020-03-22T10:00:19+00:00\",\"dateModified\":\"2024-06-11T13:46:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/\"},\"wordCount\":554,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709\",\"keywords\":[\"bitcoin\",\"federal reserve\",\"Money Printer\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/\",\"name\":\"Bitcoin Bulls Roar as U.S. Politician Proposes 'Two $1 Trillion Coins' Idea\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709\",\"datePublished\":\"2020-03-22T10:00:19+00:00\",\"dateModified\":\"2024-06-11T13:46:39+00:00\",\"description\":\"Bitcoin bulls were quite pleased on Saturday morning when Bloomberg's Joe Weisenthal shared the \\\"Automatic BOOST to Communities Act\\\" published by\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709\",\"width\":2560,\"height\":1709},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Bulls Roar as U.S. Politician Proposes &#8216;Two $1 Trillion Coins&#8217; Idea\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\",\"name\":\"Nick Chong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"caption\":\"Nick Chong\"},\"description\":\"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.\",\"url\":\"https:\/\/uniquehot.com\/author\/nickchong\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Bulls Roar as U.S. Politician Proposes 'Two $1 Trillion Coins' Idea","description":"Bitcoin bulls were quite pleased on Saturday morning when Bloomberg's Joe Weisenthal shared the \"Automatic BOOST to Communities Act\" published by","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Bulls Roar as U.S. Politician Proposes 'Two $1 Trillion Coins' Idea","og_description":"Bitcoin bulls were quite pleased on Saturday morning when Bloomberg's Joe Weisenthal shared the \"Automatic BOOST to Communities Act\" published by","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-03-22T10:00:19+00:00","article_modified_time":"2024-06-11T13:46:39+00:00","og_image":[{"width":2560,"height":1709,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709","type":"image\/jpeg"}],"author":"Nick Chong","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Nick Chong","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/"},"author":{"name":"Nick Chong","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a"},"headline":"Bitcoin Bulls Roar as U.S. Politician Proposes &#8216;Two $1 Trillion Coins&#8217; Idea","datePublished":"2020-03-22T10:00:19+00:00","dateModified":"2024-06-11T13:46:39+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/"},"wordCount":554,"commentCount":0,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709","keywords":["bitcoin","federal reserve","Money Printer"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/","name":"Bitcoin Bulls Roar as U.S. Politician Proposes 'Two $1 Trillion Coins' Idea","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709","datePublished":"2020-03-22T10:00:19+00:00","dateModified":"2024-06-11T13:46:39+00:00","description":"Bitcoin bulls were quite pleased on Saturday morning when Bloomberg's Joe Weisenthal shared the \"Automatic BOOST to Communities Act\" published by","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709","width":2560,"height":1709},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Bulls Roar as U.S. Politician Proposes &#8216;Two $1 Trillion Coins&#8217; Idea"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a","name":"Nick Chong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","caption":"Nick Chong"},"description":"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.","url":"https:\/\/uniquehot.com\/author\/nickchong\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bulls Roar as U.S. Politician Proposes &#8216;Two $1 Trillion Coins&#8217; Idea","url":"http:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Nick Chong"}],"creator":["Nick Chong"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","federal reserve","money printer"],"dateCreated":"2020-03-22T10:00:19Z","datePublished":"2020-03-22T10:00:19Z","dateModified":"2024-06-11T13:46:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bulls Roar as U.S. Politician Proposes &#8216;Two $1 Trillion Coins&#8217; Idea\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-bulls-roar-us-politician-propose-trillion-dollar-coin-idea\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/shutterstock_1438132703-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Nick Chong\"}],\"creator\":[\"Nick Chong\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"federal reserve\",\"money printer\"],\"dateCreated\":\"2020-03-22T10:00:19Z\",\"datePublished\":\"2020-03-22T10:00:19Z\",\"dateModified\":\"2024-06-11T13:46:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/03\/shutterstock_1438132703-scaled.jpg?fit=2560%2C1709","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/418829"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/497"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=418829"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/418829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/418833"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=418829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=418829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=418829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}