Mizuho Securities finds that Americans may be ready to shop…for some bitcoin and stocks with a fresh round of stimulus checks
United States, March 16, 2021 /AlexaBlockchain/ – Nearly 10% of the $380 billion in direct stimulus checks could be invested in bitcoin and stocks: according to a new survey.
- Mizuho Securities estimates that 10%, or nearly $40 billion of the $380 billion in direct stimulus checks, may be used to purchase bitcoin and stocks.
- Mizuho managing director Dan Dolev and his team surveyed approximately 235 individuals with less than $150,000 of household income.
- Nearly 2-in-5 check recipients expect to use some portion of their checks to invest.
- Surprisingly, stimulus check recipients prefer bitcoin over stocks, finds the survey.
“The survey predicts that bitcoin will account for 60% of total incremental investment spend. We calculate it could add as much as 2-3% to bitcoin’s current $1.1t trillion market value,” Dolev writes.
