People who use Bitcoin can use stimulus checks to cash out up to $ 11,000. Are you eligible?

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October 29, 2021 at 8:26 am

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A lot of people chose to use their stimulus checks when they got them as investments in Bitcoin.

If you received your check in April 2020 worth $ 1,200 and invested it in Bitcoin on Tuesday it was worth $ 11,000.

There has been a massive surge in cryptocurrency since 2020 and Bitcoin alone has seen an 800% increase.

The three stimulus checks together were worth $ 3,200 and if someone invested them all they would now be worth $ 13,000.

When the checks were first disbursed, Bitcoin was worth between $ 6,000 and $ 7,000.

In December 2020, when checks for $ 600 were issued, Bitcoin was worth $ 28,984.

The third stimulus check came out when Bitcoin was worth $ 57,684.

Selling your stocks now will likely earn you a much larger return than the value of the original checks.

Related: What Is Cryptocurrency And How To Make Money From It? Here’s Everything You Need To Know About Crypto Want the latest headlines in your inbox every morning? Click here to sign up for our Morning Edition newsletter to be caught up in 60 seconds. You can also download the FingerLakes1.com app for Android (all Android devices) or iOS (iPhone, iPad)

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