Coinbase: Americans are investing incentive payments from the state …

Coinbase: Americans are investing incentive payments from the state in cryptocurrency

American stock exchange cryptocurrencies Coinbase recorded a sharp increase in the number of deposits by exactly $ 1,200. This week, the US authorities also began to send aid checks to citizens, according to which they are owed exactly this amount.

Coinbase CEO Brian Armstrong shares stats on Twitter, but from comments abstained.

According to the presented graph, usually $ 1,200 deposits account for about 0.08% of all platform receipts. What happened on this week deviation up to 0.375% is an statistically significant to reasonably associate it with the last measures of the American government to support the population.

Coinbase: Americans are investing incentive payments from the state ...

Relief checks are credited 80 million adult residents USA, earning less than $ 75 000 in year. By words Treasury Secretary Stephen Mnuchin, they are should were get direct transfers to their bank accounts by April 15.

Netspend, which processed about $ 1 billion in aid manuals, stated, that they are mainly spent on “Groceries, fast food, medicines and gasoline.” Part funds cashed at ATMs.

Crypto community members, in Tom including Guy Bennett, BitcoinorBust and El Barto, admitted that they really invested received money in bitcoin. At the current exchange rate for $ 1200 you can to acquire about 0.17 BTC.

BlockWorks Group Co-founder Jason Janowitz reported, what him friend first bought bitcoin for the received from state money. “First, the Fed conducts a marketing campaign for bitcoin, and now yet and finances his purchase less than a month before the halving, “he wrote.