Besides, it's a biased way of doing the maths. The price of bitcoin ranged in 2020 between $5,000 and $30,000. For the sake of accuracy, I'm going to assume an intermediate figure of 17,500, since the checks were given after the March 2020 crash. That would be 4x, and instead of the $12,192, it would be $4,800. And if you got it at the end of the year, it would be 2.5x, or $3,000.
So I don't buy the hype, no matter how pro-bitcoin I am.
That's a fair point, but perhaps the calculations are based on when the stimulus checks were distributed. I'm not 100% sure on the timeline here, but from what I've seen, it seems it was in March 2020, so the calculations are probably based on the price back then. But Forbes made an article about people buying Bitcoin with stimulus checks closer to the end of April, when the price was somewhat higher (but still around $8k, which is good in terms of profit).