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China, Germany Fire Fiscal Rockets as U.S. Looks to Cut Spending. What Does it Mean for Bitcoin?

05/03/2025

in BTCUSD

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China has raised its fiscal deficit target to 4% of GDP from 3%.
Germany has promised billions of euros in infrastructure spending.
The large spending could assuage concerns of any fiscal tightening in the U.S. and offer support to risk assets, including BTC through the FX channel.

Source: https://www.coindesk.com/business/2025/03/05/china-germany-fire-fiscal-rockets-as-u-s-looks-to-cut-spending-what-does-it-mean-for-bitcoin

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