Tax refunds will begin in the US in March.
This will lead to an inflow of liquidity of up to $150 billion, Wells Fargo said.
The company's experts believe that additional capital will lead to an increase in high-risk assets.
In 2026, US taxpayers are expected to receive a larger refund, which could provide an inflow of liquidity into high-risk asset markets of up to $150 billion. This was reported by CNBC , citing an analytical note from Wells Fargo.
Note that in the US, employers withhold income tax in advance. During the subsequent recalculation, the Internal Revenue Service (IRS) often returns a portion, for example, if there are benefits.
The withholding tables will remain unchanged in 2025. However, the current administration has introduced a number of reliefs, listed, for example, in the Big Beautiful Bill .
The IRS estimates that the average refund will be $2,290 in 2026, an 11% increase from the previous period. Wells Fargo experts believe that by the end of March 2026, when most taxpayers will receive some of their money back, up to $150 billion in free liquidity will enter the market.
The organization assesses this as a positive factor for high-risk assets, including cryptocurrencies and Bitcoin in particular.
“Speculation intensifies as savings increase. […] We expect YOLO to return,” the note said.
In addition to Bitcoin, some companies will benefit from the additional capital influx into the market. These include Robinhood, Boeing, the technology sector, and AI.
Wells Fargo experts also noted that the first cryptocurrency can be considered an indicator of liquidity. The asset fell by 29% in a month, and during the same period, $105 billion in capital outflows occurred from the US domestic market.