According to analytics company Mizuho Securities, about $40 billion of the overall $380 billion that will be relocated to US citizens in the shape of incentive payments can potentially be used for investments in BTC and stocks.
The Mizuho analytical team surveyed 230 people with a family income of less than $150,000 a year. Out of these, about 200 shared they anticipate direct incentive payments in the upcoming days. Numerous recipients of the incentives expect to use some of the cash for investment, with a big portion of them preferring Bitcoin. Mizuho Managing Director Dan Dolev said:
“As established by our study, Bitcoin will account for 60% of overall investment expenses. We assess that this could put an additional 2-3% to BTC’s current $1.1 trillion market cap.
As reported by CNN, approximately 90% of American households will be entitled to incentive payments of $1,400. Accounting dependents, a family with two children can collect up to $5,600.
It is worth noting that BTC broke a new record high rate of over $61,000 a few days ago amid news about the approval of the stimulus bill through the US Senate.
