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“The $ 1200 stimulus is now worthThe Twitter account tracks what happened when the US stimulus package received a personal profit of $ 1200 on April 15, 2020 and invested it in Bitcoin.
The $ 1200 profit from the first stimulus package in April of last year was in line with the bull market for cryptocurrencies and stocks.
Bitcoin was $ 6,848 as of April 15 of last year. And if you had invested $ 1200 in Bitcoin, it would be worth $ 12.11 (assuming BTC is $ 56,000). The return on investment will be 751%.
I would have more than $ 10,000 if I bought #bitcoin with your stimulus test.
Check https://t.co/jckMs158A2 for live updates. pic.twitter.com/TXp2HnOpEc
– The $ 1200 stimulus is now worth (@BitcoinStimulus) March 10, 2021
And even if you missed your first Bitcoin investment, a second $ 600 incentive distributed in late December last year would have benefited you as well. If you buy Bitcoin on January 1 when the price of BTC is $ 29,000, that $ 600 investment will increase to about $ 1,160, a 93% gain.
On March 6, the United States Senate approved a $ 1.9 trillion economic stimulus package. This will pay Americans up to $ 1,400 per person.
Now, for this third personal benefit to get the same return as previous investments, Bitcoin prices must increase significantly. Bitcoin prices must hit $ 476,000 to get repeat returns of 751%. For a 93% return, that’s $ 108,000.
Many analysts believe that Bitcoin can hit $ 100,000 in the short term. In early January, JPMorgan Chase strategist Nicholas Panigazoglow predicts that Bitcoin will overtake gold as a long-term value preservation and protection tool. It claims that Bitcoin could cost more than $ 146,000 by the end of 2021.
According to a grayscale survey conducted from June to July 2020, the new Crown is increasing investor interest in Bitcoin.
This story is different from investing in Ethereum last April. If you invest in Ethereum, you will get a higher return than if you invest in Bitcoin. At that time, investing $ 1200 in Ethereum would give you 7.5 ETH. It is worth $ 13,500 at its current price. The refund will be 1025%.
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