$1200 stimulus check invested in Bitcoin would now be worth $9000
Giving free money is always a good idea for politicians: while people are too busy being happy with the checks in their mailbox, they don’t think too much about the decreasing value of the currency.
More practical minds, however, couldn’t help but wondering if this “magic free money” system is a country-wide deceit. Thus, 15% of Americans who received a $1’200 stimulus checks in 2020 have invested it straight away in assets that hold value, notably company stocks (8%) and… Bitcoin (7%).
The latter could not be happier now, as the dollar value of their investment now would be over $9’000 – in only 16 months.
For the March’2021 wave of stimulus checks Americans continued investing in crypto at the same rate of 7%. While the prices of practically everything soar, this might turn out to be a wise choice once again, even if Bitcoin had to be bought at around $50k at that moment.
