Wells Fargo Predicts $150 Billion Inflow into Bitcoin and Speculative Stocks Due to Tax Refunds

According to a report by CNBC on the 17th, Wells Fargo, a major US financial institution, indicated that this year's tax refunds from tax filings are expected to boost investments into Bitcoin (BTC) and speculative stocks. The 'Big Beautiful Bill' enacted last summer under the Trump administration, which included tax deductions, along with the IRS's failure to update the withholding tax forms last year, are seen as tailwinds. By the end of March, approximately $150 billion (about 23 trillion yen) is estimated to flow into the market.