Another boost to bitcoin will come with stimulus checks.

[tsaroz]

Someone just needs to do in tiktok. However they might have received the money, make a video about receiving the stimulus money in cashapp and buying bitcoin through it. It would be a much more PR than actually making people realize what bitcoin is and how buying it is a good thing. IMO, smart and tech savvy people are already into bitcoin, it's only the difficult to make them understand group outside.

[buwaytress]

The results might be encouraging but you also have to consider that some of them might take their profits at this point and balancing things out and that a lot of them will not afford to throw money at an investment, this help will come after nearly a year of being jobless, I'm not seeing more than a few risking what can mean a month or two of bills.

Yeah, gotta admit I don't know what the situation is like for most receiving those cheques but I figure that most who threw their first ones into Coinbase aren't those feeling the hurt yet, probably the entire reddit US crowd heh. Actually met a couple of people putting all of it into Bitcoin in casinos (go figure).

However it goes, definitely not a meaningful impact on the market.

[coin-investor]

The amercians who invested their $1200 stimulus checks got 142%ROI in 7 months, that's a great result. I believe the next stimulus checks will bring more acceleration to bitcoin price and adoption because people who got such return tell their friends, relatives etc. Do you agree with this?

Not only Americans but people who know the Cryptocurrency market and have money coming regardless of nationality, I keep telling my friend who have some funds to spare this new year's bonus to try the Cryptocurrency market, but I also cautioned them not to invest what they can afford to lose, whatever the circumstances there's always a risk.

[Gozie51]

The amercians who invested their $1200 stimulus checks got 142%ROI in 7 months, that's a great result. I believe the next stimulus checks will bring more acceleration to bitcoin price and adoption because people who got such return tell their friends, relatives etc. Do you agree with this?

This is a good investment for those who took the chance of investing low and now price has come to 18,000. Bitcoin had many investors during the pandemic this contributed to the current bitcoin bull no doubt the ROI is a testimony. I expect the wise to hodl more instead to dump.

[sana54210]

We need to first wait and see how it will happen. If it is once again countless trillions of dollars to companies and just few hundred to some people, it is not going to be suddenly an increase for bitcoin because it is known that even though some companies started to invest into bitcoin, usually it is regular people who invest to it and giving trillions to companies will not make bitcoin go up but giving trillions to regular people will definitely make it skyrocket.

So, we need to see the stimulus package, see who gets what type of money and who gets richer from it. Biden is someone who got 40+ billionaires donate to him, not like he is different from Trump at all when it comes to corporate greed, so he probably would do the same as Trump did and nothing would change.

[fortunecrypto]

The amercians who invested their $1200 stimulus checks got 142%ROI in 7 months, that's a great result. I believe the next stimulus checks will bring more acceleration to bitcoin price and adoption because people who got such return tell their friends, relatives etc. Do you agree with this?

This is the time that workers and employers are going to receive their bonus the only thing that they are holding back is the pandemic but if they are aware of the profit and how the market is moving up they can invest in the top coins in the market, but they should aware that it does not always profit, the 142% profit in seven months is good because they invest at the right time, the market could still go down and making them lose their investment.

[exstasie]

Yeah, gotta admit I don't know what the situation is like for most receiving those cheques but I figure that most who threw their first ones into Coinbase aren't those feeling the hurt yet, probably the entire reddit US crowd heh. Actually met a couple of people putting all of it into Bitcoin in casinos (go figure).

However it goes, definitely not a meaningful impact on the market.

It's not just the $1,200 stimulus checks we need to consider. It's all the various "stimulus programs" raining helicopter money on people. I know multiple people who took $10K+ in extended unemployment while working off the books, or drew on other programs like small business grants. Those people had tens of thousands of dollars to put into whatever they wanted, and I believe this sort of behavior has been completely rampant across the population. So many people were handed so much fucking money for absolutely no reason.

I don't personally know anyone who put that money into BTC, but that's just anecdotal. It's painfully obvious that all assets are being inflated in value by the combination of QE and fiscal stimulus, and we also know from surveys about Bitcoin ownership and data from Square, etc. that it's not just a miniscule part of the population now that's investing in it.

[thecodebear]

Yes if there is another stimulus no doubt it'll help push bitcoin up some. I don't think it'll like cause a major surge, but I bet there would be at least a couple million people who would throw that money into Crypto, and probably most of it into Bitcoin. It might raise the price by $500 or something .

[FanEagle]

Right now, there is already a great huge increase in bitcoin, I doubt that the increase that could come from stimulus checks could be recognized during this period.

I am not saying it will not help, all I am saying that we are already going up, when you are already going up you may never know why it is and maybe from one point to 100-200 dollars higher we could do that because of the checks but since we already increased like $9k in the past 2 months it doesn't really make sense to me to attribute that to one thing.

It is just an all around effort from everyone and moves from every news and act, that ends up increasing it all together. So, if you were to say it is checks, someone could name something else, and when you say something other may say checks. We should just call it all equals.