Most Americans that await the next series of government incentive checks use the money to buy necessities and pay off debts, but some are willing to invest in cryptocurrencies, including Bitcoin, as revealed by a new survey.
Research by Harris Poll at the invitation of Yahoo Finance found that 15% of people who received two payments forwarded some or all their extra cash towards investments. Out of this group, about half of the people have invested their money in cryptocurrencies like Bitcoin and Ether.
Inclination to try financial experiments with material support aimed at surmounting the consequences of the pandemic is more widespread in high-income families. Amongst families earning above $100,000 a year, 10% invested in cryptocurrencies with their first incentive payment, while 1З% did so using the second one. This figure is projected to rise to 14% in the third round.
In contrast, only З% of households earning below $50,000 a year could or were intending to invest in cryptocurrencies.
The survey was performed among 1,043 American adults via online conversations. Another survey conducted on a much smaller demographic sample established that about 10% of the $400 billion that would be given to Americans in the next pay-out round might be converted to Bitcoin.
