First stimulus check invested in Bitcoin would’ve shown spectacular results! With your first stimulus check invested in Bitcoin back in April of 2020, you would’ve seen an impressive +600% growth, to just over $8,500 today.
An investment into Ether would’ve netted you a better ROI of over 1000%!
If you had put your stimulus in Bitcoin….
First a recap – the stimulus was sent out by the US government in an unprecedented move due to the government essentially shutting down the economy due to COVID-19. The shut down caused dramatic economic disruptions to people’s lives, businesses, and personal finances.
The Federal Reserve sent out checks worth $1,200 to every adult making below $75,000 per year. Many started receiving those funds in the middle of April 2020.
Most reports claimed that necessities were purchased by Americans. But others could’ve invested in something riskier if they were in a decent position, such as cryptocurrency.
At that time, Bitcoin was trading for around $6,600 to $6,800 when the checks were first issued. A $1,200 buy would’ve given an investor just a smidge over 0.18 bitcoins.
0.18 bitcoins at Bitcoin’s price of just over $48,000 as of writing means that they’re worth around $8,600, an ROI of over 600%!
If you had invested in Ether…
If, instead of Bitcoin, you had invested in Ether, the investor would’ve been even more prosperous.
Ether last April was trading between $155 to $161 on April 15th, 2020. With the higher price tag, $1,200 would’ve bought around 7.5 ETH. Currently sitting at $1755, 7.5 Ethereum would’ve been worth $13,162 in today’s market, over 1,000% ROI.
What will you do with your next stimulus check? Let us know on our Facebook page!