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Those who bought Bitcoin with stimulus checks cash in for more than $11,000

Those who bought Bitcoin with stimulus checks cash in for more than $11,000



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6 Comments

  1. tldr; The price of Bitcoin has increased by over 800% since April 15, 2020, when Americans began receiving their $1,200 stimulus checks. Those who purchased Bitcoin with their stimulus checks in April of last year, could cash out for over $11,000 as of Tuesday. BitcoinStimulus data shows that a $600 purchase of Bitcoin on December 29, 2020 would now be worth over $

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. I don’t believe bitcoin should be measured against the dollar anymore. Its becoming an unrealistic comparison because inflation of the US dollar is not demonstrating the kind of effect that it should on bitcoin yet. You say a $1,400 stimulus check is worth $11,000 now but that’s not taking into account that the US dollar is inflating MUCH faster than what the US govt is reporting that it is. Realistically bitcoin should be easily breaking ATHs every week or month now, but it’s not. I’d be willing to bet that when inflation is taken into account properly, even after the bull run is over, we will see bitcoin double in price, at least…

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