Stimulus checks are making their way into Bitcoin and stocks

A new poll from Mizuho Securities found that two out of five stimulus check recipients plan to invest at least some part of the proceeds into Bitcoin (BTC-USD) and stocks. Full breakdown: 20% of check recipients are forecast to allocate as much as 20% of their checks to the investments, 13% are expected to allocate 20% to 80%, and 2% are expected to put 80% or more into the markets. That means around 10% of total gross payments, or around $40B of the $380B in direct checks, could be allocated to the world's most popular crypto and equity purchases.Most popular pick: "Bitcoin is the preferred investment choice among check recipients. It comprises nearly 60% of the incremental spend, which may imply $25B of incremental spend on Bitcoin from stimulus checks," wrote Mizuho analysts Dan Dolev and Ryan Coyne. "This represents 2-3% of Bitcoin's current $1.1T market cap."In fact, BofA Global