$40B From Stimulus To Flow Into Bitcoin?
A recent survey showed 60% of respondents would put their stimulus money into Bitcoin over stocks
Many Americans are expected to receive $1,400 checks following U.S. President Joe Biden signing a $1.9 trillion stimulus package into law last week. New polling suggests that much of these funds could end up in the crypto market.
A survey released today from Mizuho Securities estimates that 10% of the roughly $400 billion in funds given directly to U.S. residents could be used to purchase Bitcoin (BTC) and stocks. The Mizuho Financial Group subsidiary surveyed 235 people with a household income under $150,000. Up to 40% of respondents said they would invest the direct payments into BTC and stocks, with 61% saying they would choose Bitcoin over equities.