Why Americans Could Spend Up to $40B in Direct Stimulus Payments on Bitcoin

A new survey from Mizuho Securities sees bitcoin as the most popular stimulus investment avenue.

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A new survey from Mizuho Securities sees bitcoin as the most popular stimulus investment avenue.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch NEM.

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Today on the Brief:

Bitcoin’s $60,000 weekend price brings out the angry bears
India’s mixed signals on a crypto ban
Tesla’s new Master of Coin

Our main discussion:

A new $1.9 trillion stimulus package is on the books, of which about $400 billion is going to Americans in the form of direct payments. In this episode, NLW looks at what percentage of that might find its way into investments like bitcoin, specifically looking at a just-released survey from Mizuho with some juicy results.

Image credit: Rabbitti/iStock/Getty Images Plus, modified by CoinDesk

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.