The Great Stimulus and the Bull Run
April 15, 2020, was not just another day. It marked the rollout of the first $1200 stimulus check in the US amidst the rising tides of a pandemic. As the economy hit pause, many were left wondering: how to make the best of free money? Enter Bitcoin, the digital currency that has sparked both intrigue and investment fever.
What If You Had Invested?
Back on that fateful day, Bitcoin was lounging at a modest price of $6,848. If you had taken the plunge and invested your $1200, fast forward to today, and you would find your investment worth a whopping $10,211! Now that’s an ROI that’d make any investor’s heart race—751% to be exact!
The Ripple Effect of Stimulus Checks
And just when you thought all hope was lost for those who missed the boat, the $600 second stimulus came around in December. Imagine investing that in Bitcoin at around $29,000. You’d be sitting pretty today with your investment valued at about $1,160—still a decent 93% return if we’re talking returns in 2021.
What’s in Store for the Next Stimulus?
The rumor mill is buzzing about a $1.9 trillion relief package that includes a third stimulus check of $1,400. What would it take for you to replicate that jaw-dropping 751% return? Brace yourself—Bitcoin would need to rocket to $476,000. For a mere 93% return, it would need to inch its way to $108,000. Now, that’s ambitious, right?
Institutions Are All Aboard the Bitcoin Train
It seems that the financial wizards out there believe we may see Bitcoin soar past the $100,000 mark in 2021. Nikolaos Panigirtzoglou from JPMorgan Chase’s strategy team thinks Bitcoin could exceed $146,000 by year-end. Why? Because there’s chatter about Bitcoin becoming a better hedge and a long-term store of value than gold. Looks like the gold rush has a contender!
Don’t Forget About Ethereum!
But hold your horses! If you thought investing your first stimulus check into Bitcoin was a clever move, think again. If you had decided to take a chance on Ethereum instead, your $1200 would have snagged you approximately 7.5 Ether, translating to around $13,500 today. That’s a whopping increase of 1025%! Now that’s the real story of missed fortunes!
