Do you have a coronavirus stimulus? Buying Bitcoin already offers a 12% return

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Americans who received their second coronavirus stimulus check on December 29th have already gained 12% – if they invested it in Bitcoin (BTC).

As the United States government rolls out another round of “free” money for eligible residents, it is watching how many of their $ 600 will invest in cryptocurrencies.

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April stimulus recipients now have $ 5,600

The handouts started last week and are expected to be completed by January 15th. According to a dedicated monitoring resource, those who received the money on the first day and immediately swapped their US dollars for BTC are already up by $ 75.

Bitcoin, Ether performance in 2021. Source: Digital Assets Data

Bitcoin and Ether (ETH), the largest altcoin by market capitalization, outperformed virtually all the competition in terms of return on investment in the first week of 2021.

As the mainstream media floods with stories of how recipients of incentives plan to invest in stocks and consumer goods with the aim of stimulating the economy, those who bought Bitcoin with the previous cash gift in April 2020 now sit at 5,600 U.S. dollar.

At that point, the stimulus check was worth $ 1,200 – twice what it was in the second round – which means Bitcoin has made 370% gains if you’ve “hobbled” by now.

The numbers underscore the strange ways the average taxpayer can benefit from the bizarre financial environment that characterizes 2020 and 2021. By simply buying and holding Bitcoin, anyone can outperform even the most experienced stock trader.

“Maybe we should send the economic money in Bitcoin. The US $ 600 will be US $ 2,000 a week anyway, “said fund manager Austin Rief in an ironic tweet over the weekend.