PanamaTimes

Friday, Mar 29, 2024

If You Invested Your 3 Stimulus Checks In Bitcoin, Dogecoin Or Ethereum, Here's How Much You'd Have Now | Benzinga

If You Invested Your 3 Stimulus Checks In Bitcoin, Dogecoin Or Ethereum, Here's How Much You'd Have Now | Benzinga

Stimulus money in the pandemic has been a major factor behind the current boom in stocks and cryptocurrencies.
In 2020, the Coronavirus Aid, Relief and Economic Act provided payments of $1,200 for eligible adults and another $500 for those with qualifying children.

The CARES Act was the first of three rounds of stimulus payments for Americans since March 2020.

The Tax Relief Act of 2020 in December declared additional payments of $600 per eligible adult and up to $600 for those with qualifying children.

The American Rescue Plan Act of 2021 last month provided an additional $1,400 payment to eligible adults and up to $1,400 for those with qualifying children.

Some consumers used the stimulus payments to help with increased expenses or lower income due to the pandemic. Others saved the money or invested it.

Here is a look at the return a consumer would have had if they put their stimulus checks into leading cryptocurrencies like Bitcoin, Dogecoin and Ethereum on the dates of April 11, 2020; December 29, 2020; and March 12, 2021.

The calculations are based on the stimulus payments of $1,200, $600 and $1,400 for eligible adults by using the highest price each cryptocurrency traded for on the dates Americans began receiving checks.

Stimulus Check In Bitcoin: Investing in Bitcoin (CRYPTO: BTC) with a portion of stimulus checks may have been a popular option for investors and people looking to store some of the payments from the US government.

Bitcoin traded at $6,926 on April 11, 2020; $27,370 on December 29, 2020; and $57,996 on March 12, 2021. A person who put all $3,200 from the stimulus checks into Bitcoin would have been able to purchase a total of .219 of the cryptocurrency. Based on a price of $55,375.31 for Bitcoin today, that $3,200 would now be worth $12,127.

Stimulus Check in Dogecoin: The meme cryptocurrency known as Dogecoin (CRYPTO: DOGE) has seen its valuation rise sharply in 2021 thanks to strong interest from retail investors and the support of famous people like Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.

Dogecoin traded at $0.0020 on April 11, 2020; $0.0046 on December 29, 2020; and $0.0570 on March 12, 2021. A person who put all $3,200 from the stimulus checks into Dogecoin would have been able to purchase 754,996 of the digital tokens. Based on a price of $0.3327 for Dogecoin today, that $3,200 would now be worth $251,187.

Stimulus Check in Ethereum: One of the fastest growing cryptocurrencies in 2021 is Ethereum (CRYPTO: ETH), thanks to its connection to non-fungible tokens.

Ethereum traded at $161.17 on April 11, 2020; $737.95 on December 29, 2020; and $1,839.50 on March 12, 2021. A person who put the $3,200 into Ethereum would have been able to purchase 9.02 of the coins. Based on a price of $2,157.25 for Ethereum today, that $3,200 investment would now be worth $19,458.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×