DID YOU KNOW: Bitcoin is more popular than stocks for stimulus recipients. 💵

 

A poll by Mizuho Securities found that two in five stimulus check recipients plan to invest at least some part in Bitcoin or stocks. About 10% of the total gross payment or $40 billion could go into stocks and Bitcoin. Survey results from Bloomberg last month support this as they found 3% of respondents want to invest in cryptocurrencies.  “Bitcoin is the preferred investment choice among check recipients. It comprises nearly 60% of the incremental spend, which may imply $25 billion of incremental spend on Bitcoin from stimulus checks,” wrote Mizuho analysts. “This represents 2-3% of Bitcoin’s current $1.1 trillion market cap.”   Last week we mentioned that you could have $10K if you invested your first stimulus check in April. What if you invested your $600 second stimulus check in January? You would have made a 93% return.   How about if you invested your first check in Ethereum? ETH has gone up 1025% since last April so if you invested your $1200, you would have about $13,500. 😱  So what are you waiting for? Consider investing today!

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