In brief
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$104,894.00
3.55%$2,395.37
6.90%$2.14
5.78%$638.70
3.00%$142.77
7.34%$0.9999
0.01%$0.272663
2.62%$0.16243
6.33%$2,393.38
6.84%$0.578256
5.78%$104,850.00
3.48%$36.92
3.27%$2,890.69
6.99%$2.77
11.17%$457.99
2.24%$12.90
10.31%$9.13
0.76%$18.11
8.78%$0.24414
5.92%$0.999904
0.01%$2.89
5.30%$47.89
-0.74%$0.00001158
8.27%$0.151756
11.64%$84.60
5.87%$2,394.29
6.83%$1.00
0.13%$2,563.75
6.89%$309.31
2.04%$1.00
-0.06%$3.40
7.16%$4.22
3.61%$104,866.00
3.47%$0.00000987
11.35%$6.77
7.70%$0.530364
4.77%$257.84
12.24%$1.18
0.07%$52.17
-2.68%$351.50
14.67%$1.00
0.00%$4.33
10.04%$0.085405
5.61%$1.056
0.02%$4.92
6.64%$2.13
11.24%$172.76
7.22%$16.36
7.63%$0.750093
10.94%$27.81
2.17%$0.999588
0.02%$0.606756
3.24%$16.40
2.66%$0.072959
12.50%$4.44
0.02%$0.02143329
10.06%$9.18
5.90%$4.02
7.62%$0.692795
17.44%$0.083038
13.04%$104,503.00
3.16%$3.18
13.82%$0.268771
11.31%$0.180032
3.97%$0.177911
10.43%$0.929343
12.52%$2.24
7.09%$0.30441
11.17%$0.269852
33.96%$1.00
0.18%$4.35
3.83%$1.00
0.02%$2,393.44
6.95%$97.70
6.09%$1.00
0.00%$11.00
2.24%$150.81
7.35%$0.40402
16.31%$1.19
6.89%$0.202934
4.87%$0.01711576
6.43%$2,726.64
6.84%$1.20
16.24%$2,507.88
6.86%$11.07
11.78%$0.00001396
13.40%$1.58
12.92%$1.63
17.19%$1.019
9.38%$0.320113
15.66%$1.001
0.04%$1.00
0.04%$0.63618
13.30%$0.548165
11.36%$0.058961
5.42%$0.99927
-0.04%$2,562.19
6.93%$3.05
-1.15%$1.11
-0.02%$2,512.44
6.83%$3,381.40
-0.32%$638.57
3.04%$104,575.00
3.44%$0.83222
19.78%$3,360.57
-0.45%$0.519149
9.58%$105,358.00
2.67%$0.081996
11.12%$2,516.66
6.95%$104,715.00
3.64%$0.577838
8.03%$0.417866
15.00%$159.58
7.52%$2.10
5.65%$111.54
0.02%$2.19
8.52%$185.74
7.26%$0.00007255
13.09%$0.824533
6.59%$2,585.80
6.76%$0.67059
11.26%$41.40
8.45%$0.998982
0.07%$0.01016063
1.05%$0.712477
8.12%$0.01312356
17.54%$1.084
-0.52%$0.01394878
10.96%$0.25535
9.58%$0.161787
9.88%$18.69
9.11%$0.00982145
13.97%$0.233656
9.88%$30.63
4.89%$0.997769
-0.00%$104,761.00
4.08%$1.98
6.62%$0.0000006
6.29%$3.59
9.04%$0.42519
10.02%$0.532635
7.68%$0.095976
11.81%$104,840.00
3.67%$2.04
11.07%$36.78
3.04%$2,392.52
6.65%$0.33061
8.33%$2,395.45
6.86%$0.490617
11.88%$0.520426
5.24%$104,866.00
3.55%$0.999958
0.02%$2,521.70
7.49%$2,559.10
7.33%$0.261294
10.10%$0.999924
0.05%$0.615136
8.77%$1.37
9.63%$0.01403072
8.06%$2,394.23
6.83%$0.42482
4.00%$7.83
0.48%$47.32
6.43%$0.061116
0.57%$0.999899
0.01%$2.35
6.65%$0.999859
0.02%$0.428792
13.72%$36.77
5.93%$0.04243901
18.07%$0.16221
6.50%$1.35
15.92%$0.160238
33.97%$1.091
0.03%$0.990467
-0.87%$0.0000004
2.33%$0.00683296
21.23%$1.00
-0.02%$5.56
10.08%$0.00425068
25.10%$1.001
0.34%$13.56
10.63%$2,393.60
6.89%$0.321622
16.59%$0.113436
9.28%$0.518364
9.68%$0.00001876
7.82%$2.26
10.16%$2,543.34
6.90%$0.980424
15.67%$0.487728
10.88%$0.00000091
24.79%$0.00411883
16.97%$1.14
12.63%$0.06903
8.25%$0.354521
4.98%$0.03479664
3.08%$0.164477
-2.51%$0.341827
4.96%$0.00340076
24.47%$5.20
5.56%$0.03508759
8.26%$1.41
9.62%$0.135491
12.58%$1.17
4.51%$2,640.03
6.84%$104,706.00
3.57%$19.72
1.44%$104,624.00
3.56%$0.01665364
2.57%$2,618.40
6.76%$0.999956
0.00%$0.999412
0.02%$0.999731
0.08%$155.52
7.37%$0.03105763
-0.03%$2,393.08
6.78%$0.00005551
5.21%$1.11
12.93%$0.999856
0.03%$0.737058
23.60%$10.01
3.35%$0.70852
5.30%$0.298561
14.31%$0.443835
6.84%$109.07
7.11%$2,390.15
6.62%$0.00338951
7.14%$0.060898
11.74%$105,262.00
4.08%$18.04
8.40%$0.00000136
3.69%$1.001
0.38%$1.67
-1.23%$0.594986
7.09%$0.00514828
14.25%$0.595171
15.32%$102,685.00
3.60%$1.017
0.15%$2,105.24
3.46%$0.18015
4.02%$6.10
11.28%$102,375.00
3.56%$0.181263
7.93%$0.00360376
14.20%$14.72
7.97%$0.999388
0.00%$0.413132
12.72%The stimmies are coming. Eligible Americans have started receiving their $1,400 stimulus checks as part of President Joe Biden’s $1.9 trillion COVID-19 relief package.
But what will they be spending it on?
A significant amount of people may be planning to spend it on Bitcoin. That’s according to a new survey by investment banking firm, Mizuho Securities, as reported today by Yahoo Finance.
The firm, which is based in Japan but has offices around the world, and has a growing presence in the US, surveyed 235 people.
Mizuho told Decrypt that the average age of survey participants was 41 years and the average household income was $55,000.
Of those surveyed, nearly 2-in-5 said they would use their handouts to invest—and they’re particularly eyeing up Bitcoin and stocks.
In fact, Bitcoin is expected to account for 60% of the total invested: Mizuho Securities estimates that close to $40 billion of the $380 billion in direct stimulus checks could be used to buy the cryptocurrency, along with stocks.
Mizuho’s survey also found that the amount of people investing could add up to 3% to Bitcoin’s market value, Yahoo Finance reported. Bitcoin is currently trading for $56,000 and has a market capitalization of over $1 trillion.
Direct stimulus checks refers to the cash that will be sent to Americans with less than $150,000 in household income.
The first batch of stimulus checks were processed on Friday. Payments will continue to be processed in the coming weeks via direct deposits or through the mail.
The US Federal Reserve last year said it had no plans to curb coronavirus stimulus packages. Analysts have previously told Decrypt that this is causing investors to eye-up Bitcoin and other cryptocurrencies as they fear the value of the US dollar could plummet.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.