To better cope with the financial crisis in the recent period, on March 24, the US government announced a total $6 trillion Coronaviruses relief bill to boost up the economy. Of the total, $4 trillion will come in the form of liquidity from the Federal Reserve, while the remaining $2 trillion will be part of proposed phase-three legislation from Congress.
How big a 6 trillion bill is? Statistics confirm that $6 trillion is equal to one third of the entire GDP of the United States and equivalent to 130 percent of the Federal Reserve’s balance sheet. That's enough to put $850 in the pockets of every person on the planet, or gives people a buying power that supports the purchase of 900 million Bitcoins at current prices with sufficient BTC supply.
Many media were in belief that this stimulus package taken by the United States will not directly affect Bitcoins. However, the release of this fund is likely to significantly increase the value of crypto assets. Analysis from experts show that additional issuance of currency will generally expand the demand for investment and stimulate the price rise of various investment products, including digital assets. At present, some cryptocurrencies have become one of the mainstream investment portfolios. Another dominating view believes that decentralized digital currency is advancing the innovation of fiat financial system, bringing more convenience to the original financial fabrics. To some extent, the trend decentralized digital currency is heading forward renders most people hopeful and optimistic. The advent of $ 6 trillion package is a favorable event for the new bullish crypto market.
Data clearly prove that in financial realm, there has been a considerable majority of users and institutes opting for taking digital currencies as financial assets. Some assets active in digital currency markets have been well-prepared for the upcoming $6 trillion relief bill. Despite the current financial market downturn triggered by the coronaviruses, some crypto assets still brave the hardship, among which HB token is just one of them.
Recently, HB accomplished its global debut in AOFEX. As a token backed by Universal Blockchain, it has been recognized and pursued by investors all over the world since its launch. Just two weeks earlier, HB, the coin issued by Hubble chain, was launched at an opening price of US $0.20, with the highest increase reaching up to 566% only an hour after the trading started. The return on investment was very considerable. More importantly, it brought a large number of seed users to Hubble Chain ecosystem along with a large number of investors and investment institutions to the project.
Hubble chain is undoubtedly an innovative project in blockchain technology, which represents a new outlook for smart finance. The patented Wormhole Network technology invented by Hubble Chain enables a smart comparison and screening in global blockchain networks and automatically captures the optimal trading mode of the entire network to accomplish the value transfer, including smart and automatic premium, optimal value matching, etc. Whilst greatly reducing the friction and loss of digital asset transactions, wormhole Network enhances the comprehensive performance of public chain to a new level that even Etherum and EOS could hardly achieve.
Underpinning this new financial system is the highly resourced Hubble Chain team, as well as the numerous investment institutions, global consultants, partners and real industries behind the Hubble Chain. At present, Hubble chain is committed to the offline blockchain projects implementation, helping more than 3500 offline entities, totaling more than 60 industries. It has opened up multiple on-chain application scenarios in the Hubble chain ecosystem and built up the whole network ecosystem for blockchain.
In the ecosystem of universal blockchain, HB token is the only center of value circulation for digital assets. HB is used to incentivize and reward all ecosystem contributors while allowing contributors enjoy long-term, steady profits gains.
The stimulation of the current economic easing policy is undoubtedly a favorable factor for the high-quality currency represented by HB. In theory, the loose monetary policy of the Federal Reserve will promote the rise of Bitcoin price in the medium and long term. From the perspective of capital transformation, this policy will stimulate bank credit and the increase of market liquidity. In this way, some of the increased funds will flow into the digital money market and trigger the price rise, which accelerate the coming of a new cryptocurrency bullish market.
At the same time, due to the loose monetary policy leading to the decrease of market interest rate and return rate of assets denominated in US dollar, some capitals will seek for more value-added assets, which will have a positive impact on the market in the medium and long term. At present, the massive rise in HB price shows there are a plenty of investment institutions behind, as well as a large number of capital inflows from multiple sources. The number of HB holders has been growing exponentially.
It can be seen that, with the high recognition of global communities, nodes and ecosystem builders, the number of registered users has broken through 600,000+ in a short period of time. HB bullish rise kept pushing up against the current financial background. The impact of HB on the blockchain financial industry is expanding step by step. Under the current favorable market conditions, the future of HB is worth everyone's expectation.