President Donald Trump recently announced that his administration is considering paying for citizens of checks of $ 1000-2000 financed from customs revenues. This is an announcement that immediately recalls memories of pandemic aid programs from 2020-2021. For many Americans, those checks meant a financial rescue, but for some also a historical investment occasion.
Three checks that could change their lives
As part of stimulatory programs introduced during the Covid-19 pandemic, Americans received a total of up to USD 3,200. The first tranche of USD 1200 went to accounts in April 2020, when Bitcoin cost only USD 6878. The next two payments – USD 600 and $ 1,400 – reached the citizens in the following months, when the cryptocurrency gradually gained value.
It is estimated that about USD 40 billion from these funds went to the cryptocurrency exchange and stock markets. Many investors intuitively sensed that extraordinary times are coming for digital assets.
The mathematics of profits is impressive
If the first check in Bitcoin was invested exactly on April 11, 2020 – on the day of starting payments – the acquired 0.1744 BTC would be worth around USD 21,270 today. This means a profit of 1672%. Two subsequent tranches, invested in appropriate moments, would bring an additional 0.0424 BTC worth around USD 5,170 according to current courses.
In total, all three stimulation checks worth USD 3,200 could exceed $ 26,000 today – which gives over eight -time return on investment in just a few years.
Dogecoin – even more crazy script
Although Bitcoin impresses with solid profits, he is not the king of this statement. Investors who focused on Memecoin Dogecoin could achieve astronomical profits. During the peak of the popularity of the dog in 2021 (just after the last tranche of stimulation), the same 3200 USD would transform into about USD 600,000 worth about USD 438,000 at the time.
Even if someone would keep these coins to this day, despite the declines from the peak levels, the wallet would be worth almost USD 150,000. This is a profit exceeding 4576%, which definitely ahead of Bitcoin’s results.
Check also: OnePay introduces cryptocurrencies to the mobile application. Walmart puts on Bitcoin and Ethereum
What about new checks?
Trump announced by Trump in the amount of $ 2000 would allow today to buy around 0.0165 BTC – just over 1.6% of all Bitcoin. Is this a reasonable investment? History suggests that cryptocurrencies can generate spectacular phrases, although this is accompanied by huge variability and the risk of total loss of invested capital. With BTC forecasts above USD 1 million, such an investment may still seem very tempting.
It is worth remembering that Pandemia has created unique market conditions – mass printing of money, closed economies and a desperate search for alternative investments. Will a similar scenario repeat in the context of commercial duties? Time will tell, but for many people checks from 2020-2021 will remain a symbol of an unused chance of life.
