Californians to Buy Crypto with Inflation Relief Checks? $1050 Incoming!

Qualifying Californians will begin receiving relief payments of up to $1,050 this week to soften the blow of inflation. News To help with rising costs, Governor Gavin Newsom signed a $308 billion state budget that provides $9.5 billion in direct tax refunds for 23 million Californians. Some are speculating: Following the relief funds, will Californian citizens be triggered to invest in Bitcoin and other cryptocurrencies?

California will be issuing a check relief worth $1050 to its citizens. This begs the question: Will the influx of cash lead to increased cryptocurrency investment across the state?

Who is Eligible for the $1050 California Inflation Relief Check?

Understanding eligibility is crucial. Residents who filed their 2025 income tax return before Octo, are eligible to receive the checks. Furthermore, households making less than $500,000 yearly will qualify. A married couple with dependents who filed a joint income of less than $150,000 will get an amount of $1050. Households making more than $500,001 annually are not eligible. Gov. Gavin Newsom signed a $308 billion state budget in to make this relief possible.

Will Californians Invest in Crypto?

With an extra $1050 in their pockets, many Californians might consider investing. Cryptocurrency, particularly Bitcoin, has gained popularity as a potential hedge against inflation. Whether this relief check translates into a crypto boom remains to be seen, but it's certainly a topic of discussion. Keep checking back for updates on how Californians are utilizing their inflation relief checks and whether crypto investments see a surge!