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InvestmentsAmericans reinvesting stimulus checks in Bitcoin made $4.5k in profit By Cointelegraph

Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit By Cointelegraph


© Reuters

An common American taxpayer obtained three rounds of stimulus checks from the United States authorities as a way to reignite the economic system by growing shoppers’ spending potential. For many, this meant a chance to speculate in (BTC).

A Cointelegraph report from Aug. 26 reveals that 11% of the respondents between the ages of 18 to 34 reinvested part of their stimulus checks into cryptocurrencies. Adult Americans that reinvested the primary spherical of stimulus funds from April 2020 into Bitcoin have realized a web profit of roughly 442%, turning a $1,200 funding into $5,304 as of Oct. 31, 2021.