 On March 11th, President Biden signed the American Rescue Plan into action. The $1.9 trillion relief package included college students for those eligible to receive stimulus checks. And with those checks having already been sent out, Berkeley students are making use of their extra cash. They do plan on using it to buy an upgraded computer actually because although my current laptop is great for school work and such, I find that I've been getting into mobile development and by the end of the year I want to start becoming a mobile development freelancer. But I know people who did lose their jobs. Some of my friends did lose their jobs and for them the stimulus check is necessary income. At first glance, stimulus checks seem to greatly benefit everyone but there's growing concern over the value of the US dollar as flooding the country with cash can contribute to inflation risks. I think that's a lot of reason why a lot of like the cryptos and stuff are going up is because people want to like not put their money or just leave their money in their savings account right because it's just going to there's like there's a lot of expectation of like inflation and so prices are going to rise, you don't want to have your money and just cash. With uncertainty growing around the future of the US dollar, cryptocurrencies are becoming an increasingly popular alternative. Some of the most defining features of a successful currency are its scarcity, durability, and counterfeitability which are all attributes that cryptocurrencies do very well under. The real question is, will the economy become overstimulated once the pandemic recedes and Americans start spending again? JP Morgan CEO Jamie Dimon believed this is a major worry while the chair of the Federal Reserve Jerome Powell believes that spike in inflation rates would be temporary rather than long term. Whatever the answer is, hopefully Berkeley students have saved enough cash to enjoy their Boba Field summers. Reporting for CalTV, I'm Parker Lashoya.