You would make so much profit by investing your 2020 Stimulus Check – Community News
Stimulus Check

You would make so much profit by investing your 2020 Stimulus Check

The Covid-19 epidemic had a negative impact on economies around the world. As a result, countries intervened to protect their citizens from the consequences. The United States also did this thanks to a stimulus package.

In April 2020, it introduced the Economic Impact Payment Act (EIP). The EIP, also known as the CARES Act, allowed Americans to receive payments of up to $1,200 for singles.

What would you have earned if you had invested your $1,200 incentive salary in Bitcoin, commodities or stocks? And which of the three options would have been the most profitable?

Here’s just a comparison of the results you got then with now. All start dates are expected to be April 20, 2020. The deadline is November 11, 2021.

It would be most profitable to invest your incentive in BTC:

On April 20, 2020, 1BTC was worth $7,129.26 according to CoinDesk. As a result, your $1,200 check would have bought 0.1683 BTC.

BTC is trading at $65,012.89 at the time of writing. The value of your 0.1683 BTC holding is $10,941.67. As a result, you would have made a profit of $9,741.67, or a 912 percent return.

Read more: 500,000 Americans can expect payments worth $285 on Monday, are you one of them?

What if you choose gold instead of silver?

How would the math turn out? According to the Bullion Rates website, one gram of gold sold for $54,496 at the time. As a result, you would have gotten 22.02 grams of gold for $1,200.

At the time of publication, gold was trading at $59,859 per gram. As a result, your investment would be worth $1,318.10, resulting in a profit of $118.10, or 110 percent.

Another option would have been to put the stimulus money in silver. According to Bullion Rates, silver was sold on April 20, 2020 for $0.4923 per gram.

At that rate you could have bought 2,437.5 grams. Today, however, one gram of silver costs $0.8102. As a result, your stash would be worth $1,974.90, an increase of 165 percent!

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