Topic: The effect of the expected stimulus package on Btc. (Read 126 times)
So, many newcomers will come, I just want to warn to them that never ever trust any investment method that provides easy money. The real investment in cryptocurrency is Buy and Hold, if you see any website or company that will give you easy money with a simple tasks like you give your Bitcoin and will give you back double it's was totally scam.. Keep your mind clear, no one will give you easy money. Investment is about patience and time
I’d take these surveys with a pinch of salt. The Mizuho Securities survey was participated by only 235 individuals, which is pretty low.
Indeed a pretty low number of respondents to come up with such estimated amount of money to be poured in cryptocurrency. Though I believe some of these stimulus helped Bitcoin to reach $61,700 as a new ATH accompanied by the continuously pouring of money coming from the institutions, but $40B seems a pretty high amount considering the number of people who are actually investing to Bitcoin in th US.
I might say, take the 10% of US population as a respondents and let's proceed to make a close estimates on how much amount of money would be poured to Bitcoin.
I’d take these surveys with a pinch of salt. The Mizuho Securities survey was participated by only 235 individuals, which is pretty low.
I haven’t been able to find the complete survey, nor the depiction of the methodology, but one very important key factor would be to choose the population in a very disperse and non-clustered manner. The fact that Mizuho Securities conducted the survey could suggest a bias as to the type of person answering the survey. Since there is currently no mention to how the population was chosen, that would be something to ponder when viewing the survey’s results.
I find it hard to believe that 35% - 40% of stimulus check receivers are going to invest in Stock & Bitcoin. That seems like an awfully large segment of population being capable of managing these types of financial product.
I haven’t been able to find the complete survey, nor the depiction of the methodology, but one very important key factor would be to choose the population in a very disperse and non-clustered manner. The fact that Mizuho Securities conducted the survey could suggest a bias as to the type of person answering the survey. Since there is currently no mention to how the population was chosen, that would be something to ponder when viewing the survey’s results.
I find it hard to believe that 35% - 40% of stimulus check receivers are going to invest in Stock & Bitcoin. That seems like an awfully large segment of population being capable of managing these types of financial product.
Simply put, this debate shows what a piece of garbage stimulus checks are. They are stimulus to inflate financial assets. In the stock market there is the same debate: how much of the checks will end up in it. I heard on CNBC that 60% (of the total going to speculation) is expected to go to Bitcoin and the other 40% to the stock market.
I think this survey can give useful information about this.
Nearly 10% of the $380 billion in stimulus checks may be used to buy bitcoin and stocks: survey
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.
"The survey predicts that bitcoin will account for 60% of total incremental investment spend. We calculate it could add as much as 2-3% to bitcoin's current $1.1t trillion market value," Dolev writes.
Nearly 10% of the $380 billion in stimulus checks may be used to buy bitcoin and stocks: survey
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.
"The survey predicts that bitcoin will account for 60% of total incremental investment spend. We calculate it could add as much as 2-3% to bitcoin's current $1.1t trillion market value," Dolev writes.
As a result of the harsh financial situation that faced many Americans who had no investment to fall back to during the first wave of the pandemic, many have learnt their lessons, and are looking to be more prepared, that is having investments. With many Americans gearing up to receive the stimulus package from the Biden's administration, many will be looking to Invest in gold, btc, stocks, real estate and others.
Among the list, the most likely to get more attention is bitcoin, reason being that it is easier to invest in, it is becoming the new trend, and also because you can choose to buy and keep any amount you wish.
For this reason, it is expected that immediately the bulk of Americans begin to receive their stimulus package, btc will be expected to hit a new ATH.
What do you think?
Among the list, the most likely to get more attention is bitcoin, reason being that it is easier to invest in, it is becoming the new trend, and also because you can choose to buy and keep any amount you wish.
For this reason, it is expected that immediately the bulk of Americans begin to receive their stimulus package, btc will be expected to hit a new ATH.
What do you think?
You are not alone here... $410b coming to BTC
As a result of the harsh financial situation that faced many Americans who had no investment to fall back to during the first wave of the pandemic, many have learnt their lessons, and are looking to be more prepared, that is having investments. With many Americans gearing up to receive the stimulus package from the Biden's administration, many will be looking to Invest in gold, btc, stocks, real estate and others.
Among the list, the most likely to get more attention is bitcoin, reason being that it is easier to invest in, it is becoming the new trend, and also because you can choose to buy and keep any amount you wish.
For this reason, it is expected that immediately the bulk of Americans begin to receive their stimulus package, btc will be expected to hit a new ATH.
What do you think?
Among the list, the most likely to get more attention is bitcoin, reason being that it is easier to invest in, it is becoming the new trend, and also because you can choose to buy and keep any amount you wish.
For this reason, it is expected that immediately the bulk of Americans begin to receive their stimulus package, btc will be expected to hit a new ATH.
What do you think?
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