Wells Fargo: Increased U.S. tax refunds this year could drive $150 billion into Bitcoin and risk assets.

PANews reported on February 18th, citing Cointelegraph, that Wells Fargo analyst Ohsung Kwon stated that U.S. taxpayers may receive higher tax refunds in 2026 than in previous years. This additional funding is expected to revive retail investors' risk appetite, with up to $150 billion potentially flowing into the stock and Bitcoin markets by the end of March. Kwon stated that the extra savings will flow back into the stock market, particularly among high-income consumers, with some funds likely flowing into Bitcoin and retail-favored stocks such as Robinhood and Boeing.

According to Nicolai Sondergaard, a research analyst at crypto intelligence platform Nansen, the probability of funds flowing into crypto assets will increase if market sentiment improves and retail investors see positive upward momentum in crypto assets; conversely, if crypto sentiment does not improve in the short term, retail investors may choose other assets with "higher momentum and social media buzz".