in

CNBC broadcast suggesting almost $40bn of stimulus checks may go on Bitcoin and Stocks. Will it trend?

CNBC broadcast suggesting almost $40bn of stimulus checks may go on Bitcoin and Stocks. Will it trend?



View Reddit by jam-hayView Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

9 Comments

  1. MSNBC Host: I absolutely cannot believe that **plebs** who are suffering from a lack of means would have the audacity to utilize stimulus money to better their financial situation. Who do they think they are?

    Fuck these oligarchs.

  2. They can do whatever they want with their money, but does suggest most people don’t actually need the money right now to be liquid

    If it just gets spent on stocks and crypto mainly – it shows that the money went to the wrong people. It won’t stimulate the economy in the way they want it to.

    EDIT: I just watched the video. Survey of 200 people, we interviewed people with up to $150,000 income, average was $55,000 – I guess 10% isn’t unreasonable given that average.

  3. I wish there was a fool proof way to actually get money to people that are in need. Because many people are in need. But the majority of people receiving money don’t truly need $1400+.

    On the same note $1400+ isn’t some life changing amount of money and people have had a year now to adjust their spending and try to live a more frugal lifestyle. This allows them to invest a majority of their stimulus to better prepare themselves for the next disaster/pandemic/layoff. People are also concerned about the massive government spending and what it is going to do to inflation. Spoiler: it’s not looking good.

    Long story short this stimulus is too little to late for people actually in need so I’m glad to see people using it to better their futures through investments.

Loading…

0

What do you think?

Americans Might Spend $40B From Stimulus on Bitcoin – Mizuho Securities – Cryptovibes.com – Daily Cryptocurrency and FX News

Americans Might Spend $40B From Stimulus on Bitcoin – Mizuho Securities – Cryptovibes.com – Daily Cryptocurrency and FX News

bitcoin selloff

Bloody Monday: Yesterday’s Bitcoin Selloff Saw Record $1.6B In Liquidations