- President Joe Biden announced that over $127 billion in student debts have been canceled for 3.7 million Americans.
- Bitcoin enthusiast, Mike Alfred said Bitcoin could benefit from the student debts wiped in the United States.
- Bitcoin peaked at its all-time high in 2021 following the COVID-19 stimulus package by the U.S. government.
Crypto trader and Bitcoin enthusiast Mike Alfred has hinted that the recent moves by the U.S. government may help boost the value of Bitcoin. His statement comes in reaction to a post on X (formerly Twitter) from President Joe Biden on the student loan wipe-out in the United States.
In particular, Biden announced that his administration has canceled $127 billion in student debts for over 3.7 million Americans. This move comes on the heels of increased agitation for the government to take the student loan burden off the citizens.
While the move has garnered varied responses, Alfred pointed out that it is “a big deal,” as Biden mentioned, because it means “Bitcoin will appreciate.” While the lines are not as straight to draw, the statement by Alfred mirrors the implied correlation between the U.S. government’s policies a…
The post U.S. Student Loan Wipe Out Could Boost Bitcoin Value: Crypto Trader appeared first on Coin Edition.