And All I Got Was A Lousy, Second-Hand, Pop-Up Camper
No one will argue that 2020 was a tough year. But despite the stimulus checks that came in extra handy, not everyone lost hours on the job or needed money to make the rent. Millions of Americans poured that extra cash into wish-list items for around the house or gave to their favorite charities. And then there were the really smart ones. They invested in Bitcoin (BTC).
Time has a way of making memories a bit fuzzy, so a refresher may be necessary. As a result of then-President Trump’s signing the Coronavirus Aid, Relief and Economic Security (CARES) Act in March of 2020, a flood of checks worth $1,200 for each qualifying American started showing up in their mailboxes or bank accounts in April of 2020.
A second stimulus check for a more modest $600 was sent out by the Trump Administration to each qualifying American in December of 2020 and was followed up by a third (and so far, final) round at $1,400 each, courtesy of the Biden Administration in March of 2021.
That’s a total of $3,200 per person. Nice, right? However, according to BitcoinStimulus.net, had you invested that first stimulus check for $1,200 in BTC you’d be sitting on $11,000 right now, and if you invested all $3,200 in the leading digital currency, you’d have over $13,000.
Investing in Bitcoin
When it comes to stable investments, cryptocurrencies don’t have the best reputation. Prices can fluctuate wildly, and even BTC’s biggest cheerleaders warn investors not to put in more than they are willing to lose. But if it’s the long game you’re playing, it appears the top digital currency is gradually becoming a much safer bet.
According to BitcoinStimulus.net, the digital currency has exploded in value over the past 18 months, increasing by some 800 percent.
But, hey, that camper’s nice too.