Nearly 10% of the $380 billion in stimulus checks may be used to buy bitcoin

[Bucky]

A new survey out of Mizuho Securities on Monday 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. Of that, about 200 said they expect to receive the third round of direct stimulus payments in the coming days.

Nearly 2-in-5 check recipients expect to use some portion of their checks to invest. And stimulus check recipients prefer bitcoin over stocks, according to the survey.

Nearly 10% of the $380 billion in stimulus checks may be used to buy bitcoin and stocks: survey

A new survey out of Mizuho suggests a good portion of stimulus money will be used to buy bitcoin and stocks.

finance.yahoo.com

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[MamboDervish]

Nearly 10% of the $380 billion in stimulus checks may be used to buy bitcoin and stocks: survey

A new survey out of Mizuho suggests a good portion of stimulus money will be used to buy bitcoin and stocks.

finance.yahoo.com

Love it!

LMAO - given that most of the people getting anything resembling a substantial stimulus check made less than $70,000 last year, it's hard to imagine too many of them "investing" in anything as volatile as Bitcoin has been in recent years. Of course, there are no doubt inveterate gamblers who'll be taking their stimulus check and going straight to the track or the casino with it, too. Such is our nature.