Judging by this topic, a huge part of the stimulus payments will go to the exchange or to cryptocurrencies. These are clearly not the primary living expenses. In my opinion, this casts doubt on the whole concept of these payments - it is more likely to serve as a means for further inflating bubbles in all areas than something useful.
This is what happens when you distribute freebies and cash handouts to people who don't need them. On top of that, due to travel restrictions and closure of business establishments, for the recipients of these payments there are few avenues to spend them. Obviously a large part is going to end up in various cryptocurrency exchanges and stock market. I can foresee a rise in demand for bullion and diamond as well. The exact amount that will go in to each of these sectors can only be assumed right now, but the figures will be clear in a few months.
