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Discover Your Potential Gains Today If Your 3 Stimulus Checks Went into Bitcoin, Dogecoin, and Ethereum.

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The U.S. government provided stimulus grants in 2020 and 2021 to help COVID-19 victims cope economically. Individuals could utilize these funds for regular necessities, savings, or investments.

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Stimulus Check Investments: Bitcoin, Dogecoin, and Ethereum Analysis

Bitcoin, Dogecoin, and Ethereum were among the equities and cryptocurrencies some stimulus check recipients bought.

In 2020, the Coronavirus Aid, Relief, and Economic Act (CARES Act) gave eligible people three stimulus payments: $1,200, $600, and $1,400, with extra amounts for qualifying children.

A hypothetical analysis examines the returns an individual might have made by investing these stimulus amounts in Bitcoin, Dogecoin, and Ethereum on the payment dates.

READ ALSO: Social Security Update: How To Make The Most Of Your Advantages In The Year 2024

Stimulus Check Investments Soar: Bitcoin, Dogecoin, and Ethereum Profits

On April 11, 2020, Bitcoin traded at $6,926, climbing to $27,370 on Dec. 29, 2020, and $57,996 on March 12, 2021. A $3,200 stimulus investor would have bought 0.219 BTC. With Bitcoin at $46,975.28, the investment is worth $10,287.59, a 221.5% increase.

In 2021, Dogecoin prices rose from $0.0020 on April 11, 2020, to $0.0570 on March 12, 2021. A full $3,200 stimulus investment in Dogecoin would have bought 754,996 DOGE. Dogecoin’s $0.08107 pricing makes the investment worth $61,207.53, a 1,812.7% gain.

Ethereum, recognized for non-fungible tokens, rose from $161.17 on April 11, 2020, to $1,839.50 on March 12, 2021. Investing stimulus in Ethereum would have bought 9.02 ETH. With Ethereum at $2,353.96, the investment is at $21,232.72, a 626.0% gain.

Divide the $3,200 equally across Bitcoin, Dogecoin, and Ethereum on their stimulation dates for a diversified investment of $20,898.25. The investor would have earned 865.8% with this diversified strategy.

READ ALSO: Social Security Spousal Benefits: Retirees To Receive More Benefits In 2024

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