Best Crypto to Buy Now October 6 – Avalanche, Rollbit Coin, Cardano
According to an October 6 report from The Daily Hodl, several cities and organizations in the United States are getting ready to initiate basic income pilot programs.
These programs, which will distribute millions of dollars in unconditional cash handouts, have some speculating about a possible increase in cryptocurrency trading.
In light of these upcoming guaranteed income trials, what is the best crypto to buy now?
A 2020 study titled "Uncovering Retail Trading in Bitcoin: The Impact of COVID-19 Stimulus Checks" found a significant increase in Bitcoin buy trades after the U.S. government sent out economic impact payments of $1,200 per individual in April 2020.
The study estimated that the stimulus program had a modest but measurable effect on Bitcoin trading volume and prices.
In Sacramento, California, the United Way California Capital Region recently announced a new guaranteed income trial that will give $500 per month to 130 low-income families for one year, for a total of $780,000.
The goal is to study how unconditional cash transfers impact housing stability and food security. Applications will be open until October 31.
The Arthur M. Blank Family Foundation has dedicated $6.2 million towards a two-year basic income initiative, targeting 650 Black women in three different communities within Georgia. The program, named "In Her Hands," will distribute around $850 monthly to each participant, assisting them in covering their basic needs.
These two initiatives join several other upcoming guaranteed income pilots funded by governments, nonprofits, and philanthropists across the US.
Other pilots include those Fairfax County, Virginia, where they're launching a $2 million basic income trial, and Ann Arbor, Michigan, which has
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