American Stimulus Checks Could Grow 912% From Bitcoin Investments In 2020

The Covid-19 pandemic has wreaked havoc on the global economy. As a result, countries have taken steps to protect their people from the effects of the pandemic. In April 2020, the U.S. enacted the Economic Impact Payment (EIP) Act. Thanks to the EIP, also known as the CARES Act, Americans were eligible for payments of over $1,200 for singles. By mid-April, they received their first payments. These payments were intended to improve their well-being. But what if they invested the payments received, for example in BTC, commodities or stocks?

The time period from April 20, 2020 to November 11, 2021 was taken for comparison. According to CoinDesk, on April 20, 2020, 1BTC was exchanged for $7,129.26. Thus, for $1200 you could buy 0.1683 BTC. On November 11, 2021, BTC was worth $65,012.89. 0.1683 BTC would cost $10,941.67. Thus, the profit could be $9,741.67 or 912%.

Consider the case if $1,200 were invested in gold. According to the Bullion Rates website, on April 20, 2020, one gram of gold was sold for $54,496. Therefore, from $1,200, 22.02 grams of metal could be purchased. On November 11, 2021, gold traded at $59,859 per gram. So the investment would be $1,318.10 and the profit would be $118.10, or 110 percent.

Another option is to invest the stimulus checks in silver. Bullion Rates shows that silver was trading at $0.4923 per gram on April 20, 2020. At this price, you could buy 2,437.5 grams. On November 11, 2021, one gram of silver cost $0.8102. Consequently, such an investment would cost $1974.90, the profit would be 165%.

According to Yahoo News, the Dow Jones Index stood at 24,242.49 points as of April 20, 2020. On November 11, 2021, the value increased to 29,420.92 points. So an investment of $1,200 would cost $1,452 and the profit would be $252. Of the investment options considered, investing in BTC would be the most profitable.

Image: Forbes