“We made a very generous offer of $ 1.6 trillion and, as usual, it is not negotiating in good faith. I reject their request and look to the future of our country. “
No further discussion of the stimulus package will take place before the election, the president said in subsequent tweets, while boldly predicting victory. “Immediately after my victory, we will pass a major stimulus bill that focuses on American workers and small businesses,” he said.
Following these tweets, the market reacted in disapproval. Stocks fell noticeably, while Bitcoin fell around $ 200 before rebounding slightly, maintaining a press price of $ 10,577.
Bitcoin’s drop seems to suggest that the asset’s price continues to react in tandem with traditional markets, at least as far as major budget news goes. For some, this is contrary to the assumed role of the asset as an uncorrelated store of value.