Recipients of direct incentive payments totaling $380 billion can spend 10% of them on buying bitcoin and shares. Such data is provided by Yahoo! Finance with reference to the results of a survey by the Japanese investment banking company Mizuho Securities.
Mizuho Managing director Dan Dolev announced that they interviewed about 235 individuals whose income per household does not exceed $150,000. Of these, about 200 expect to receive third-round payouts in the coming days.
Almost one in two of the five recipients of the checks said that they would use some of the money received for investments. At the same time, the majority of survey participants prefer bitcoin over stocks. "The results of the survey show that bitcoin accounts for about 60% of the planned investments. We calculated that this could be an increase of 2-3% to the current capitalization of bitcoin at $ 1.1 trillion, " writes Dolev.
The collected data also indicates that Visa, MasterCard, PayPal and Square are the preferred shares among the recipients of incentive payments. Goldman Sachs analysts came to similar conclusions in their research.
"We expect households to be the biggest source of demand for stocks this year," writes Goldman Sachs senior equity strategist David Costin. – We raise the forecast for demand for shares from households from $100 billion to $350 billion. This is a reflection of faster economic growth and higher interest rates than we previously anticipated, in addition to additional incentive payments for individuals and an increase in retail investor activity in early 2021."
According to CNN, about 90% of U.S. households qualify for the payments. Eligible citizens are entitled to checks for $1,400, and a couple with two children can count on $5,600.