According to Mizuho Securities, about $ 40 billion of the $ 380 billion that will be transferred to US citizens in the form of incentive payments can be used to invest in BTC and stocks.
The Mizuho team surveyed 235 people with a household income of less than $ 150,000 a year. Of these, about 200 said they expect to receive direct incentive payments in the coming days. Many recipients of payments expect to use part of the money for investment, while they prefer bitcoin. Mizuho Managing Director Dan Dolev said:
“According to the research, bitcoin will account for 60% of total incremental investment costs. We estimate that this could add 2-3% to BTC’s current $ 1.1 trillion market cap. ”
According to Mizuho, those surveyed showed the most interest in buying shares in Visa, MasterCard, PayPal and Square. Other analysts also predict an increase in stock market investment after receiving payments from US citizens. As noted by Goldman Sachs, a significant portion of the new payments, which will soon be directed to American households, may go to the stock market.
“We expect households to be the largest source of demand for stocks this year,” wrote David Kostin, chief stock strategist for US equities. “We raise our forecast for demand for net household capital from $ 100 billion to $ 350 billion, reflecting faster economic growth and higher interest rates than we previously estimated, as well as additional incentive payments to individuals and increased retail activity in early 2021 “.
According to CNN, roughly 90% of American households will be eligible for incentive payments of $ 1,400. With dependents, a couple with two children can receive up to $ 5,600.
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