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.

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