Post
Topic
Board Economics
Merits 2 from 1 user
Re: Stimulus checks perfect storm for massive crypto bull run?
by
Lucius
on 20/04/2020, 14:01:03 UTC
⭐ Merited by The Pharmacist (2)
It may be a little ridiculous that the whole crypto world has started spinning over whether US stimulus checks will inflate the BTC price, as if $2 trillion would automatically go to BTC. According to some research, 80% of Americans have reportedly heard of BTC, while about 6.2% own it (probably in their Coinbase accounts).

Well, if we consider that there are 330 million Americans and that 6.2% is roughly 20 million times $1200 = $24 billion. It is a big money, but as I write few times, many Americans will not receive checks because there are various restrictions, it is not about sharing money without criteria.

Since there is already an open thread on a similar topic I have found at least one American who publicly admits that he has invested the entire amount in BTC Cool

I moved the entire 1200 to coinbase pro. Just waiting on money to clear. I will put everything on BTC. it's free money why not gamble with it.