According to a new survey by Mizhuho Securities, about 10% of the latest round of stimulus checks could flow into bitcoin and US stocks in the coming days.

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As reported by Yahoo Finance on Monday, research by Mizuho Securities estimates that, of the $380 billion in total, close to 10% could be used to purchase the two asset types.

In the next few days, two in every five Americans will receive checks, and the company found that a portion of those checks will likely be invested in bitcoin and stocks.

Per the research, bitcoin is expected to account for 60% of the total investments, which could single handedly add 3% to the crypto’s market valuation, says Mizuho’s Securities managing director Dan Dolev.

Dolev cited several crypto-adjacent companies that he believes will benefit  investors most should they wish to invest in equities: Visa, Mastercard,  PayPal and Square – all of which are now knee-deep into bitcoin and cryptocurrencies.

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 signed into law by President Joe Biden will see Americans receive $1,400 stimulus checks in the next couple of days.

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