Following a recent study by Mizuho Securities, which estimated that about $24 billion of the $380 billion in direct stimulus checks would be used to buy bitcoin, a Harris Poll was released showing that about one in ten Americans have used stimulus checks to invest in cryptocurrencies like bitcoin and Ethereum.
A recent Harris Says poll found that 7% of Americans surveyed plan to spend the stimulus money in Bitcoin and Ethereum.
Three days ago, Bitcoin.com reported on an investigation by Japanese banking firm Mizuho Securities. The study included 235 people who earned less than $150,000 a year. The survey results showed that $40 billion of the $380 billion in direct stimulus would go to bitcoin and stocks. According to Mizuho’s study, 24 billion of the total, or 60%, would likely go to bitcoin (BTC). Today, a new Harris Poll, also known as Harris Insights, was released claiming that one in ten US citizens have used their stimulus checks to invest in cryptocurrencies.
Harris Poll, an American market research and analysis company, is a renowned sociologist founded in 1963. The company tracked the attitudes, behaviors and motivations of adults living in the United States for 56 years. The survey, which shows that one-tenth of Americans eligible for the stimulus package will buy bitcoin (BTC) or Ethereum (ETH), was conducted from the 12th to the 15th. March 2021 registered. Yahoo Finance also participated in the survey, which is also four times larger than the Mizuho survey, as the Harris survey reached 1,052 Americans aged 18 and older.
Here’s what the survey results say:
A recent study found that about 15 percent of Americans who received the last two stimulus checks invested all or part of the money from those checks, and about half of that group invested specifically in cryptocurrencies like bitcoin and ethereum.
Non-significant costs are increased after each incentive revision.
Since the approval of the last two stimulus checks, there has been a great willingness to invest in cryptocurrencies. More and more people are willing to spend money on experimental investments, and that coincides with an increase in the number of Americans spending premiums on non-essential items, the Harris Poll finds. Three main trends were identified: the increase in the number of Americans saving for an apple, investing in cryptocurrencies like BTC and ETH, and non-essential spending habits like buying entertainment and electronics.
52% of Americans surveyed say their household finances have not changed since the Covid 19 pandemic. One in five participants reported that their economic situation had improved since the day before the pandemic. 29% said their financial situation had worsened since the first outbreak of Covida 19. The largest consumers spend money on basic necessities such as rent, mortgage and food (43%), while 36% put money aside to save. A total of 15% used the money to invest in things like stocks and crypto assets. Investments in cryptocurrencies in assets with stimulated liquidity accounted for 7% of survey responses.
However, it is clear that a return to spending is not the only concern of Americans right now, according to author Harris Poll. Although most people who expect to receive the next stimulus payment consider themselves needy, many plan to put at least some of the money into savings (40%) or investments (17%). Of those who plan to invest the money from the new stimulus check, 41% plan to invest in cryptocurrencies, according to the Harris Insights survey.
The report shows that the willingness to spend on non-essential goods has increased slightly since the first two rounds of stimulus. For example, 10% spent their first premiums on non-essentials like investments, entertainment and electronics. The second incentive increased by 13% and the latest Harris Poll shows that 16% of those eligible for a third round of incentives plan to spend all or part of the money on non-essential items.
What do you think of the latest Harris Poll numbers and the fact that one in ten Americans are spending their stimulus checks on bitcoin and ether? Let us know what you think in the comments below.
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