Post
Topic
Board Bitcoin Discussion
Re: $1,200 stimulus check in 2020 = $12,392 in 2024
by
LogitechMouse
on 28/05/2024, 03:18:03 UTC
~
One more thread to make people to realize the significance of HODLing with bitcoin and as the picture says whoever bought bitcoin with their stimulus check will have over $12K in their portfolio value which is around 900% growth in a cycle we still have time to accumulate bitcoins instead of regretting the missed opportunities.

Anyone bought bitcoin with their stimulus instead of groceries?
This is the biggest "What If?" on this one.
Did most of those who got the stimulus in 2020 kept it and instead of buying groceries, they invested it and bought some Bitcoin.

There might be some who did, but most I believe didn't do it. I mean during that year, people are having a hard time on everything. Some might not have any emergency funds at that time to help them in times when they needed it. There are some people who lost their jobs at that time hence, they needed money to survive. There are some who prefer to survive than the possible profits that they can get thus, they used that stimulus to buy some goods.

I believe only a few people bought Bitcoin at that time, but for those who have bought it, congratulations because you have a huge profit currently. It's just amazing that Bitcoin outpace other asset classes in terms of profitability. Anyway, those who have emergency funds might use some of that stimulus to buy Bitcoin, but those who doesn't, didn't invest it at all.