Wells Fargo: Increased U.S. tax refunds this year could drive $150 billion into Bitcoin and risk assets.
TechFlame
2026-02-18 11:07
TechFlame2026-02-18 11:07
English
TechFlame News - According to a report by Cointelegraph, Wells Fargo analyst Ohsung Kwon stated that U.S. taxpayers may receive higher tax refunds than in previous years. This additional capital is expected to revive risk appetite among retail investors, with up to $150 billion potentially flowing into the stock and Bitcoin markets by the end of March. Kwon noted that the extra savings will likely flow back into the stock market, particularly among high-income consumers, with some funds possibly entering Bitcoin and retail-favored stocks such as Robinhood and Boeing. Nicolai Sondergaard, a research analyst at the crypto intelligence platform Nansen, indicated that if market sentiment improves and retail investors observe positive upward momentum in crypto assets, the likelihood of capital flowing in this direction will increase. Conversely, if crypto sentiment does not improve in the short term, retail investors may opt for other assets with "higher momentum and social buzz."