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

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

By CoinDesk

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.

Today on the Brief:

Bitcoin’s $60,000 weekend price brings out the angry bearsIndia’s mixed signals on a crypto banTesla’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. 

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

-

Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

-

Symbol from NEM is the connector between blockchain and business. It brings enterprise-grade security and programmability with cutting edge technical features for projects at the heart of the new economy -- join us by visiting symbolplatform.com or nem.io.

-

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

-
-
Heart UK
Mute/Un-mute