Bitcoin believers may have new reason to rejoice following the stimulus checks, but Ethereum has use cases on its side.
U.S. President Joe Biden's $1.9 trillion COVID Relief Bill has passed congress and stimulus checks are soon to be distributed. Early signs indicate recipients are ready to buy Bitcoin.
A survey by Mizuho Securities showed that out of 235 participants who expect to receive stimulus checks from the COVID Relief Bill, 10% are interested in investing in Bitcoin. It's a small sample size, but according to the survey investing in Bitcoin was a more popular response than investing in traditional stocks.
If that kind of runaway popularity doesn't move you in itself, consider that it could translate into $40 billion dollars running like a river directly from Biden's $1.9 trillion stimulus package into Bitcoin.
In the same week, Bank of America strategists suggested to Bloomberg that the price of BTC can be moved 1% for just $93 million.
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