Any American citizen who bought Bitcoin (BTC) with their $1200 stimulus checks in April last year, will now be sitting on $8876.
It was the first check sent out by the US government after the country was forced into lockdown, and anyone who used it to buy Bitcoin would have made a staggering 639% profit.
The US government handed out the first stimulus checks to every American citizen as a drastic measure as many people lost their jobs due to the covid lockdowns.
Then President Donald Trump signed the bill to send out the checks to every American citizen making less than $75,000 a year, and the first people to receive it was in mid-April 2020.
Although the stimulus check was meant to help them through a tough period, many savvy investors instead bought BTC with it. Read More