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Mizuho Securities: Americans can spend 10% of incentive payments to buy BTC and shares

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Mizuho Securities: Americans can spend 10% of incentive payments to buy BTC and shares

According to Mizuho Securities, about $40 billion of the $380 billion that will be transferred to US citizens in the form of incentive payments can be used to invest in BTC and stocks.

The Mizuho team surveyed 235 people with a family income of less than $150,000 a year. Of these, about 200 people said they expected to receive direct incentive payments in the coming days. Many payees expect to use some of the money for investment, while they prefer bitcoin. Mizuho Managing Director Dan Dolev said::

“According to the results of the study, bitcoin will account for 60% of the total additional investment costs. We estimate that this could add 2-3% to BTC’s current $1.1 trillion market cap.”

According to Mizuho, respondents showed the greatest interest in buying shares of Visa, MasterCard, PayPal and Square. Other analysts also predict an increase in investment in the stock market after receiving payments by US citizens. As noted by Goldman Sachs, a significant part of the new payments, which will soon be sent to American households, may hit the stock market.

“We expect households to be the biggest source of demand for stocks this year,” wrote Goldman’s chief U.S. equity strategist, David Kostin. “We are raising our forecast for household net worth demand from $100 billion to $350 billion, reflecting faster economic growth and higher interest rates than we previously anticipated, as well as additional incentive payments to individuals and increased retail activity in early 2021.”

According to CNN, approximately 90% of American households will be eligible for incentive payments of $1,400. Including dependents, a couple with two children can get up to $5,600.

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