Bitcoin Made Americans More Than $4.1 Billion In 2020, New Data Reveals

Following the recently published survey by Mizuho Securities that estimates roughly $24 billion from the $380 billion in direct stimulus checks will go toward bitcoin, a Harris Poll was released that estimates around 1 in 10 Americans have used stimulus checks to invest in cryptocurrencies like bitcoin and ethereum. Recently Published Harris Poll Says 7% of the Americans Surveyed Intend to Spend Stimulus on Bitcoin and Ethereum Three days ago, Bitcoin.com reported on a poll that was published by the Japanese banking firm Mizuho Securities. The study polled 235 individuals who make less....

If you have seen any of Mark Dice’s YouTube videos over the last couple of years, asking the average American for their views and comprehension on the current ‘State of the Union,’ you might not expect a satisfying experience. Choosing to take a Hershey’s chocolate bar over a 10 oz bar of silver, or failing to know what the D.C. in Washington D.C. stands for is disturbing to watch. Maybe Americans, in their defense, are more focused on their own financial future over such trivial pursuits like national geographical knowledge. A new poll of Americans, done by Gallup, reveals what is in....

A timely reinvestment of $3,200 worth of stimulus checks into Bitcoin would return a total profit of $4,514 (nearly 71%) by the end of October. An average American taxpayer received three rounds of stimulus checks from the United States government as a means to reignite the economy by increasing consumers’ spending potential. For many, this meant an opportunity to invest in Bitcoin (BTC).A Cointelegraph report from Aug. 26 shows that 11% of the respondents between the ages of 18 to 34 reinvested a part of their stimulus checks into cryptocurrencies. Adult Americans that reinvested the....

Multiple trends have converged over the world in the past two years that have made what was once almost unthinkable not only possible, but probable. The catalyst that transformed the course of these trends was COVID-19 and resultant government-mandated lockdowns to combat the spread of the pandemic. The first of these trends was the possibility of remote work. Already made possible through advancements in technology, Zoom became an everyday word in 2020. What was already happening accelerated even further. Per a report from the National Council on Compensation Insurance, before the....

The outcome of the U.S. presidential election is affecting how fast Americans will receive their second stimulus checks. With Joe Biden named the president-elect, Americans are eager to know how soon they will receive the second round of direct payments. The Senate goes back into session on Monday when the stimulus discussion will be prioritized. When Second Stimulus Checks Are Coming Many Americans were hoping that a new stimulus package with the second round of stimulus checks would pass before the presidential election. Now that the election is mostly over and former vice president Joe....