Post
Topic
Board Bitcoin Discussion
Re: Another boost to bitcoin will come with stimulus checks.
by
Emily Perkins
on 16/11/2020, 09:52:18 UTC
As I read in the news Coinbase observed a significant uptick of deposits exactly by $1200 during the checks distribution time, so it might be similar inflow and add up to bitcoin bull rally.


Since people can actually receive their stimulus checks through Cash App[1], whereas I assume they can immediately purchase bitcoin immediately after receiving the money, it will probably help. The question is, how significant of an effect is it?


[1] https://cash.app/help/us/en-us/1018-cash-app-the-stimulus-and-you