Checks in the mailbox
This week In the US, stimulus checks of $1,200 were sent out to low/middle-income Americans this week. These checks are part of a $2 Trillion dollar stimulus package.
According to a tweet from the CEO of Coinbase, Brian Armstrong, they saw a spike in buys/deposits with the size of $1,200 recently.
From being around 0.1% of the daily buys/deposits on Coinbase, it jumped to almost 0.4% this week.
According to an article by Decrypt, bitcoin isn’t the only thing Americans are buying. Some are maybe with a bit of inspiration from infamous Netflix series, ‘The Tiger King’ and are considering purchasing guns and tigers.