United

Bitcoin

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 <p class="paragraph">Four years ago, American citizens received <a rel="noopener noreferrer nofollow" title="stimulus" href="https://thebittimes.com/tag/stimulus.html">stimulus</a> checks from the government in the amount of $1,200 to help them recover from the financial losses incurred during the Covid pandemic, and investing this money was among the popular choices of the checks’ recipients.</p>
 <p class="paragraph">Indeed, the United States Internal Revenue Service (IRS) had issued the <a rel="noopener noreferrer nofollow" title="stimulus" href="https://thebittimes.com/tag/stimulus.html">stimulus</a> checks, or Economic Impact Payments, under the Coronavirus Aid, relief and Economies Act (CARES Act), and the first round amounted to $1,200 (and $500 more per each child).</p>
 <h2 class="wp-block-heading" id="h-investing-in-bitcoin">Investing in Bitcoin</h2>
 <p class="paragraph">For those who chose to invest their $1,200 <a rel="noopener noreferrer nofollow" title="stimulus" href="https://thebittimes.com/tag/stimulus.html">stimulus</a> in Bitcoin (BTC) at the time, this would have been an exceptionally lucrative decision, considering that the price of the flagship decentralized finance (DeFi) asset had risen by nearly 1,218% since March 2020 when it stood at $5,201.07.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image size-full"><img decoding="async" width="947" height="587" src="https://cdn.thebittimes.com/images/2024/05/27/29317db03ce3aaa05fdc4a95943e8596.webp" alt="Bitcoin price on March 15, 2020. Source: CoinMarketCap" class="wp-image-178702" srcset="https://cdn.thebittimes.com/images/2024/05/27/29317db03ce3aaa05fdc4a95943e8596.webp 947w, https://cdn.thebittimes.com/images/2024/05/27/29317db03ce3aaa05fdc4a95943e8596.webp 300w, https://cdn.thebittimes.com/images/2024/05/27/29317db03ce3aaa05fdc4a95943e8596.webp 768w" sizes="(max-width: 947px) 100vw, 947px">
  <figcaption class="wp-element-caption"><em>Bitcoin price on March 15, 2020. Source: </em><em>CoinMarketCap</em>
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 <p class="paragraph">In other words, investing $1,200 in Bitcoin when its price was around $5,201 would mean that today, the investor in question would be holding close to $15,816 worth of the maiden cryptocurrency, providing them with significant profit if they chose to sell it at a current price.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">At the moment, Bitcoin is changing hands at the price of $68,540, which suggests a slight decline of 0.88% in the last 24 hours but still an increase of 2.52% across the previous seven days and an 8.92% advance over the past month, adding up to the 62.35% gain this year, as per data on May 27.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/05/27/c5d38c50c29f209f13dccea802bcd02a.webp" alt="Bitcoin price 30-day chart. Source: Finbold" class="wp-image-178703" srcset="https://cdn.thebittimes.com/images/2024/05/27/c5d38c50c29f209f13dccea802bcd02a.webp 750w, https://cdn.thebittimes.com/images/2024/05/27/c5d38c50c29f209f13dccea802bcd02a.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Bitcoin price 30-day chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">Meanwhile, Bitcoin whales seem to be back in the crypto sea, as they have recently started to show significant buying activity, reflecting the largest holders’ confidence in the crypto asset’s future price and signaling a resurgence of bullish sentiment in the sector, as Finbold reported on May 25.</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="800" height="447" src="https://cdn.thebittimes.com/images/2024/05/27/caa82a41de734725c7dbd5f162a9b603.webp" alt="Bitcoin total whale holdings increase. Source: CryptoQuant" class="wp-image-178704" srcset="https://cdn.thebittimes.com/images/2024/05/27/caa82a41de734725c7dbd5f162a9b603.webp 800w, https://cdn.thebittimes.com/images/2024/05/27/caa82a41de734725c7dbd5f162a9b603.webp 300w, https://cdn.thebittimes.com/images/2024/05/27/caa82a41de734725c7dbd5f162a9b603.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Bitcoin total whale holdings increase. Source: </em><em>CryptoQuant</em>
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 </figure>
 <p class="paragraph">All things considered, investing in Bitcoin when the government signed the <a rel="noopener noreferrer nofollow" title="stimulus" href="https://thebittimes.com/tag/stimulus.html">stimulus</a> checks into law back in March 2020 would have been exceptionally profitable, and certain indicators point to further price advances for the largest asset in the crypto market in the years to come.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/if-you-bought-bitcoin-with-your-1-200-stimulus-check-in-2020-you-d-now-have-this-much-tbt89956.html">https://thebittimes.com/if-you-bought-bitcoin-with-your-1-200-stimulus-check-in-2020-you-d-now-have-this-much-tbt89956.html</a></p>

If you bought Bitcoin with your $1,200 stimulus check in 2020 you’d now have this much

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