{"id":470221,"date":"2021-08-28T23:00:19","date_gmt":"2021-08-28T23:00:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=470221"},"modified":"2024-06-12T13:58:28","modified_gmt":"2024-06-12T13:58:28","slug":"1200-stimulus-check-in-various-crypto","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/1200-stimulus-check-in-various-crypto\/","title":{"rendered":"Here\u2019s How Much Your $1,200 Stimulus Check Would Be Worth In Various Cryptocurrencies In 2021"},"content":{"rendered":"

Crypto had started to bull in 2020 at the height of the pandemic. Most thought that the financial markets would suffer greatly when most of the world went into lockdown, this would turn out to not be the case. Although the various markets had experienced price crashes at the beginning of the pandemic. Then, markets started to pick back up. Both stocks and the cryptocurrency markets had recovered even past their various points before the crash.<\/p>\n

Related Reading |\u00a0Crypto Analyst Lays Out Cardano\u2019s (ADA) Pathway To $4<\/a><\/strong><\/em><\/p>\n

The recovery was at various points attributed to governments providing relief for citizens who could not work in the form of stimulus checks. These were to enable individuals who could not afford it to be able to stay home and also have their basic needs met. Governments even went as far as announcing rent and mortgage freezes across the country. In a bid to keep everyone in a home.<\/p>\n

These checks were spent by most on food. Because in reality, the checks were meant for people whose incomes were not enough to see them through a lockdown. Others though who could afford it had either invested part or all of their stimulus checks. Some of these investments were in cryptocurrencies.<\/p>\n

Related Reading |\u00a0American Rapper Tyga To Launch OnlyFans Crypto-Competitor<\/a><\/strong><\/em><\/p>\n

Stimulus checks were basically regarded by some as \u201cfree money.\u201d Money that they would do with as they pleased. While some lamented the negative effects of printing that much money in such a short time, others saw this as an opportunity. This \u201cfree money\u201d going into the market most likely played a part in the tremendous bull run that would then follow. A bull run that saw new all-time highs across the market.<\/p>\n

But this leads to the question; if a person had invested their $1,200 stimulus checks issued by the U.S. government back in April of 2020, how much would that investor have across various assets? This report will answer that questions, putting the numbers into perspective.<\/p>\n

What A $1,200 Crypto Investment Would Net Investors<\/h2>\n

To start out, we will look at bitcoin. If $1,200 was invested into bitcoin back in April 2020, in current August prices, that investment would be worth about $9,000. The price of BTC has risen over 600% since then.<\/p>\n

Related Reading |\u00a0Puell Multiple: The Bitcoin Metric That Says BTC Miners Aren\u2019t Ready To Sell<\/a><\/strong><\/em><\/p>\n

Next would be Ethereum. Putting a $1,200 stimulus check in Ethereum back in 2020, at this point, the investor would have over $22,500. This is an even higher price than BTC given that the price of ETH has outperformed the price of BTC for the past year.<\/p>\n

Other altcoins besides Ethereum have also done very well in the past year. These include DOGE, ADA, SOL, and HEX. $1,200 put in DOGE would be worth over $200,000 now. A $1,200 investment ADA would be worth over $90,000. SOL would presently be worth over $120,000. And last but not least, a $1,200 investment in HEX would be worth over $300,000 in 2021.<\/p>\n

\"Crypto<\/p>\n

Crypto market has grown over 1,000% since April 2020 | Source: Crypto Total Market Cap from TradingView.com<\/a><\/pre>\n
These numbers go to show the absolutely massive returns that the cryptocurrency market can bring. Although this is largely dependent on the investor\u2019s ability to hold through every peak and trough until the assets get to this point.<\/p>\n
Featured image from Freekpik, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Crypto had started to bull in 2020 at the height of the pandemic. Most thought that the financial markets would suffer greatly when most of the world went into lockdown, this would turn out to not be the case. Although the various markets had experienced price crashes at the beginning of the pandemic. Then, markets started to pick back up. Both stocks and the cryptocurrency markets had recovered even past their various points before the crash. Related Reading |\u00a0Crypto Analyst Lays Out Cardano\u2019s (ADA) Pathway To $4 The recovery was at various points attributed to governments providing relief for citizens who could not work in the form of stimulus checks. These were to enable individuals who could not afford it to be able to stay home and also have their basic needs met. Governments even went as far as announcing rent and mortgage freezes across the country. In a bid to keep everyone in a home. These checks were spent by most on food. Because in reality, the checks were meant for people whose incomes were not enough to see them through a lockdown. Others though who could afford it had either invested part or all of their stimulus checks. Some of these investments were in cryptocurrencies. Related Reading |\u00a0American Rapper Tyga To Launch OnlyFans Crypto-Competitor Stimulus checks were basically regarded by some as \u201cfree money.\u201d Money that they would do with as they pleased. While some lamented the negative effects of printing that much money in such a short time, others saw this as an opportunity. This \u201cfree money\u201d going into the market most likely played a part in the tremendous bull run that would then follow. A bull run that saw new all-time highs across the market. But this leads to the question; if a person had invested their $1,200 stimulus checks issued by the U.S. government back in April of 2020, how much would that investor have across various assets? This report will answer that questions, putting the numbers into perspective. What A $1,200 Crypto Investment Would Net Investors To start out, we will look at bitcoin. If $1,200 was invested into bitcoin back in April 2020, in current August prices, that investment would be worth about $9,000. The price of BTC has risen over 600% since then. Related Reading |\u00a0Puell Multiple: The Bitcoin Metric That Says BTC Miners Aren\u2019t Ready To Sell Next would be Ethereum. Putting a $1,200 stimulus check in Ethereum back in 2020, at this point, the investor would have over $22,500. This is an even higher price than BTC given that the price of ETH has outperformed the price of BTC for the past year. Other altcoins besides Ethereum have also done very well in the past year. These include DOGE, ADA, SOL, and HEX. $1,200 put in DOGE would be worth over $200,000 now. A $1,200 investment ADA would be worth over $90,000. SOL would presently be worth over $120,000. And last but not least, a $1,200 investment in HEX would be worth over $300,000 in 2021. Crypto market has grown over 1,000% since April 2020 | Source: Crypto Total Market Cap from TradingView.com These numbers go to show the absolutely massive returns that the cryptocurrency market can bring. Although this is largely dependent on the investor\u2019s ability to hold through every peak and trough until the assets get to this point. Featured image from Freekpik, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":470222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,83386,3],"tags":[6664,15302,1557,1558,78432],"class_list":["post-470221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-crypto","category-news","tag-crypto","tag-crypto-investment","tag-cryptocurrencies","tag-cryptocurrency","tag-stimulus-checks"],"acf":[],"yoast_head":"\nHere\u2019s How Much Your $1,200 Stimulus Check Would Be Worth In Various Cryptocurrencies In 2021<\/title>\n<meta name=\"description\" content=\"Crypto had started to bull in 2020 at the height of the pandemic. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here\u2019s How Much Your $1,200 Stimulus Check Would Be Worth In Various Cryptocurrencies In 2021","url":"http:\/\/ktsl888.com\/news\/1200-stimulus-check-in-various-crypto\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/1200-stimulus-check-in-various-crypto\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/08\/piggybank.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/08\/piggybank.jpeg?fit=626%2C417"},"articleSection":"All","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto investment","cryptocurrencies","cryptocurrency","stimulus checks"],"dateCreated":"2021-08-28T23:00:19Z","datePublished":"2021-08-28T23:00:19Z","dateModified":"2024-06-12T13:58:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here\\u2019s How Much Your $1,200 Stimulus Check Would Be Worth In Various Cryptocurrencies In 2021\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/1200-stimulus-check-in-various-crypto\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/1200-stimulus-check-in-various-crypto\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/piggybank.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/piggybank.jpeg?fit=626%2C417\"},\"articleSection\":\"All\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto investment\",\"cryptocurrencies\",\"cryptocurrency\",\"stimulus checks\"],\"dateCreated\":\"2021-08-28T23:00:19Z\",\"datePublished\":\"2021-08-28T23:00:19Z\",\"dateModified\":\"2024-06-12T13:58:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/08\/piggybank.jpeg?fit=626%2C417","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/470221"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=470221"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/470221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/470222"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=470221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=470221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=470221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}