A $ 1,200 stimulus check would now be worth $ 8,765 if used to buy Bitcoin

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Your $ 1,200 stimulus check would be worth around $ 8,765 today if you had bought Bitcoin with it in April 2020.

On March 27, 2020, after the U.S. government abruptly ended our economy with lockdowns and other mandates in a turbulent and deceptive overreaction to the natural spread of a virus, President Donal Trump enacted the Law on aid, relief and the economy of the coronavirus. Security Act, also known as the CARES Act.

Payments of $ 1,200 were made to each American earning below the income limits, which were set at an adjusted gross income of $ 75,000, or $ 150,000 for married couples filing jointly. The majority of Americans fall into this category.

This event exacerbated an already out of control inflation problem in the United States. The CARES Act brought an additional $ 2.2 trillion into the economy and set the precedent for even more money printing. The problem of printing more money is one of diminishing marginal utility. As the Fed prints, the amount of money it needs to fund what it wants increases, and subsequent impressions must be larger and larger to have any consequence.

Don’t be fooled. Printing money is not even a quick fix. It does nothing to stimulate the economy in the long run. Inflation is a secret and slow form of taxation. It thrives on your time.

The negative effects of inflation are felt by bankers and those who work in or with government in high positions of power, those closest to the last money printer. Conversely, the effects are felt by average Americans, and those abroad whose economies our government disastrously intervenes (to control) to plan centrally, first.

The Cantillon effect is for the US government to raise the temperature very slightly, almost imperceptibly, so that you, the frog, don’t jump out of their legendary melting pot.

The misconception that we need inflation to support a growing population is an insidious theft of every hour you spent working. It is reckless. It’s myopic. It’s infantile. It’s a mind-boggling display of bad strategy. The value of your $ 1,200 stimulus check, if left in dollars, has only depreciated.

The value of your stimulus check held in Bitcoin has only increased. Indeed, unlike the dollar, Bitcoin’s supply is ultimately fixed. Bitcoin has historically been adopted and bought at a rate that far exceeds its ever-decreasing, transparent, and programmed inflation.

So, historically, Bitcoin has been great at both creating and maintaining wealth.

So the next time someone gives you some free petrodollars, buy Bitcoin instead.

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