Wells Fargo: YOLO Trading May Drive $150 Billion into Bitcoin and Risk Assets

Odaily News Wells Fargo analyst Ohsung Kwon stated on platform X that due to the enactment of the "One Big Beautiful Bill" signed by US President Trump on July 4, 2025, US taxpayer refund amounts will significantly increase in 2026. Wells Fargo anticipates that by the end of March, the so-called YOLO trading may make a comeback, potentially channeling up to $150 billion into the stock market and Bitcoin.

Ohsung Kwon noted that increased savings will fuel speculative activities, with additional tax refunds from high-income consumers particularly likely to flow back into equity assets. Furthermore, Nansen research analyst Nicolai Sondergaard pointed out that if retail investors observe upward momentum in crypto assets, the likelihood of funds flowing into this sector will further increase. Current on-chain data shows that smart money holds a net short position of $107 million against Bitcoin on platforms like Hyperliquid, while whale addresses continue to accumulate spot holdings.