That's a lot of money but I will not expect something out of this world because the money is needed by every beneficiary to buy their needs. How much is the percentage of the receivers that will use it to buy some sort of investment?

Such as bitcoin, stocks or gold? there might a percentage but that can be smaller than we can ever think.

I don't understand, will the bitcoin market be stimulated too? I thought the stimulus package is just for the citizens ad some vital companies. The government has always be silent on bitcoin matters.

I'm sick of all the "USA stimulus package will boost the Bitcoin price" type of forum posts that are flooding the forum recently.Can we just shut up about this topic.It has been discussed 100 times here already and there's nothing new to add to the discussion.All we have to do is wait for the Bitcoin price to recover back to the levels before the corona pandemic.There are positive news in Europe about the number of infected people going down.

>10% had $50k or more in their account balance? That's impressive and way more than I've thought! The <$1k percentage is sadly the truth, but it's honestly not their fault. We're being taught all the crap in school except the most essential and important things. I lately started to introduce an "education" paragraph in some posts of mine because right now, in the middle of crisis, it is proved whether what people are taught in their early lives really makes a change or not during hard times. Apparently, it doesn't.

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The $6k -> $7k rise isn't proportionate at all with the trillions of dollars pumped in the US economy and the ~$4T estimated total costs so far for the pandemic. This is likely not related at all with the virus, there are enough factors out there influencing the price of BTC. When the true face of fiat value is gonna be shown, I expect an insane price ride to come for all safe haven assets and possibly (and hopefully) for Bitcoin too. Until then, they'll try to hide the real face of fiat. Until they can't.

USD has been much volatile for a month now. The increase in price of BTC is also seen due to it being shown in relation to the USD while USD decreased in valuation with respect to many of global currencies. And now the price of USD has been recovering a bit and the crypto market seems to be increasing for real.

Heh, yeah. If this is a major boost, then I dread to think of the weeks and months ahead, this close to halving, when we don't have Trump or some other Kiyosaki guy to rely on for "pumps".

That fomo does seem so delectable now that everything is poised so well, with all the panicking only taking us to these levels of prices, I'm actually feeling optimistic my conservative outlook that lasts till end of 2020 could be overturned.

Tsk, why am I tempting fate?

I don't think that could help to uplift the crypto market and I really don't think that those people who can receive that money won't have an intent to buy Bitcoin but rather to prioritize their basic needs as the outbreak continue. They could never think to invest by now and we know that USA is now suffering a hard time fighting against COVID-19, it is absolutely out of their mind.

if we could see a pump in the market in the coming days, it is not because of this but it is due to people had never sold their Bitcoin or they are buying more in regards to halving preparation.

The information is truly a big thing forward, because the grown country of the world (what we people believe) making a large volume transaction using bitcoin is a big step forward. At the same time there is nothing official data that the transaction has been done through the blockchain. It is all about the prediction, because at this condition using these blockchain platforms is the only possible solution. The market pumping is just the common thing that takes place depending on its usage and nothing to give it a hype.

It is too early to come into any conclusions now. It is better to wait and watch before you decide your next move in crypto market. Untill a vaccine to cure this deadly virus or a positive news or an expected date for reale of this vaccine comes out. I donot thing there will be any drastic change in the current market.