Bitcoin sets sights on return to $40K alongside chatter of $2T+ stimulus

Chatter about coups, insurrections, impeachments, and such has clouded the really big news, and that's what's going to be a whopper of another fiscal stimulus package, with the president-elect set to unveil some details today.The $1.5T talked about recently looks a lot more like a floor than a ceiling, and the most recent word suggests something in the $2T-$3T range - debt financed, of course - with $2K direct checks to individuals part of the plan. For reference, a $900B plan was passed at the end of 2020, which included $600 checks.Checking the economic news it's not great, with initial jobless claims unexpectedly shooting higher last week to 965K from 784K.Bitcoin (BTC-USD) is rallying, up 14.5% to $39.7K, at this point nearly completing erasing its roughly 30% plunge from just 72 hours ago.In other news, Grayscale Investments has opened its Bitcoin Trust (GBTC) to new investments after putting a pause on fresh money on