Share this article
Nearly $40B in US Stimulus Checks May Be Spent on Bitcoin and Stocks: Mizuho Survey
The survey by Mizuho Securities estimates that 10% of the $380 billion to be issued as checks could be used to invest.
Updated Sep 14, 2021, 12:26 p.m. Published Mar 15, 2021, 3:45 p.m.
Nearly $40 billion of the latest round of direct stimulus checks could be spent on bitcoin and stocks, according to a new survey.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The research by Mizuho Securities estimates that, of the $380 billion total, close to 10% could be used to purchase the two asset types, Yahoo Finance reported Monday.
- Nearly two in five of Americans expecting to receive checks in the coming days anticipated using a portion of them to invest, the company found.
- Bitcoin is expected to account for 60% of the total invested, which could add add as much as 3% to the cryptocurrency's market value, according to Mizuho Securities Managing Director Dan Dolev.
- Dolev cited a number of crypto-adjacent companies that he believes will benefit investors most should they wish to invest in equities: Visa, Mastercard, PayPal and Square.
- The survey polled roughly 235 Americans with less than $150,000 in household income, of which around 200 expected to receive payments from the latest round of stimulus.
- The $1.9 trillion COVID-19 relief package recently signed into law by President Joe Biden would see eligible Americans receive checks for $1,400.
See also: Mizuho Analyst: Bitcoin Will Make PayPal ‘Center of People’s Financial Lives’
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
IMF Flags Stablecoins as Source of Risk to Emerging Markets, Experts Say We Aren't There Yet
The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.
What to know:
- The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.
- Despite concerns, experts argue that the stablecoin market is still too small to have a significant macroeconomic impact.
- Stablecoins are primarily used for crypto trading, and their market size remains small compared to global currency flows.
Top Stories
