Mizuho predicts a wave of $ 40 billion in Bitcoin purchases in the coming days

According to a study by the bank holding company Mizuho Financial Group, about 10% of upcoming benefits payments to US residents will be directed to the purchase of bitcoins..

In the coming days, the government will distribute $ 380 billion in material assistance to stimulate the economy during the crisis. However, not all Americans will spend these funds for their intended purpose..  

A recent Mizuho poll showed that 36% of US residents plan to invest money received from the state in cryptocurrencies and stocks. At the same time, on average, they want to use 60% of payments to buy bitcoins. Among traditional tools, the most attention will be paid to the shares of Visa, MasterCard, PayPal and Square.

Mizuho predicts a wave of $ 40 billion in Bitcoin purchases in the coming days

According to the holding company, in the near future the BTC market could receive an infusion of about $ 40 billion, which will increase its cost by 2-3%.

Many people are attracted by the fact that at the end of the last decade, Bitcoin has become the most profitable asset in times surpassing the most successful stocks and indices.

Mizuho predicts a wave of $ 40 billion in Bitcoin purchases in the coming days

text: Ivan Malichenko, photo: Telegraph

Mizuho predicts a wave of $ 40 billion in Bitcoin purchases in the coming days

Similar articles