> you could see a drastic effect as soon as the $600 started hitting people's checking accounts

I think it's interesting how true it is that some people just can't stand the feeling of money burning a hole in their pockets.

Based on the furniture set sitting out on the curb at my neighbor's house, they decided a free $1800 was as good a reason as any to get some new furniture.

I guess that's the theory behind stimulus checks, so I suppose it makes sense.

If my income was low enough to qualify for the $600, I wouldn't feel like a speculative bitcoin investment is the best use of the money.

If you make 75K that's more than double the US median personal income and you still qualify for the checks. It's a good living in the US outside of a handful of cities. Also I think a lot of buyers are young people living with parents