{"id":147648,"date":"2021-01-05T18:00:00","date_gmt":"2021-01-05T15:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/got-coronavirus-stimulus-buying-bitcoin-has-already-offered-12-returns\/"},"modified":"2021-01-05T18:00:00","modified_gmt":"2021-01-05T15:00:00","slug":"got-coronavirus-stimulus-buying-bitcoin-has-already-offered-12-returns","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/got-coronavirus-stimulus-buying-bitcoin-has-already-offered-12-returns\/","title":{"rendered":"# Got coronavirus stimulus? Buying Bitcoin has already offered 12% returns"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27981ce6bd3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27981ce6bd3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/got-coronavirus-stimulus-buying-bitcoin-has-already-offered-12-returns\/#April_stimulus_recipients_now_have_5600\" >April stimulus recipients now have $5,600<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/got-coronavirus-stimulus-buying-bitcoin-has-already-offered-12-returns\/#Monthly_chart_shows_Bitcoin_is_not_done_at_32000\" >Monthly chart shows Bitcoin is not done at $32,000<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Got coronavirus stimulus? Buying Bitcoin has already offered 12% returns <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Americans who received their second coronavirus stimulus checks on Dec. 29 have already gained 12% \u2014 if they invested it in Bitcoin (BTC).<\/p>\n<p>As the United States government rolls out another round of \u201cfree\u201d money to eligible residents, attention is fixed on how many will choose to invest their $600 in cryptocurrencies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"April_stimulus_recipients_now_have_5600\"><\/span>April stimulus recipients now have $5,600<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The handouts began last week and are expected to be completed by Jan. 15. According to a dedicated monitoring <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bitcoinstimulus.net\/\">resource<\/a>, those who received the money on the first day and who im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely sw<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed their U.S. dollars for BTC are already up around $75.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/25630811-7e34-4691-a2a8-d8aa0bb758ea.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin, Ether performance in 2021. Source: Digital Assets Data<\/em><\/figcaption><\/figure>\n<p>Bitcoin and Ether (ETH), the largest altcoin by market capitalization, have outs<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>ped practically all competition in the first week of 2021 when it comes to returns on investment.<\/p>\n<p>As mainstream media <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-05\/stimulus-check-some-buy-stocks-on-robinhood-bitcoin-btc-ps5-with-600\">overflows<\/a> with tales of how stimulus recipients plan to invest in stocks and consumer goods, notionally with the goal of \u201cstimulating the economy,\u201d those who bought Bitcoin with the previous cash gift in April 2020 are now sitting on $5,600.<\/p>\n<p>At the time, the stimulus check was worth $1,200 \u2014 twice the amount of the second round \u2014 meaning Bitcoin has supplied gains of 370% if you &#8220;hodled&#8221; until now.\u00a0<\/p>\n<p>The figures underscore the curious way in which the average taxpayer can benefit from the bizarre financial environment that characterizes 2020 and 2021. By simply buying and holding Bitcoin, anyone can outpace even the most seasoned equities trader.<\/p>\n<p>\u201cMaybe we should be sending out the stimulus money in Bitcoin. The $600 will turn to $2,000 in a week anyways,\u201d fund manager Austin Rief <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/austin_rief\/status\/1345419174508716035\">summarized<\/a> in a tongue-in-cheek tweet over the weekend.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Monthly_chart_shows_Bitcoin_is_not_done_at_32000\"><\/span>Monthly chart shows Bitcoin is not done at $32,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While 233% gains in a week have yet to come true, many are already confident of Bitcoin\u2019s prospects to match or even beat last year\u2019s performance in 2021. <\/p>\n<p>The year after a block subsidy halving has historically been the cryptocurrency\u2019s best, and under that logic, a correction will only be due in 2022. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/16417ec2-a4a8-41fd-bdd5-1e42e2f376d4.png\"><figcaption style=\"text-align: center;\"><em>Difference between BTC\/USD price highs across halving cycles. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Added to this is data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pladizow\/status\/1346111573690036224\">showing<\/a> longer-term behavior following a price top in each four-year halving cycle. With $20,000 as the previous top, history suggests that BTC\/USD will not dip below that level again. <\/p>\n<p>What\u2019s more, between 2017 and 2020, the difference between Bitcoin\u2019s two tops was 1,600%. Between the 2013 and 2017 tops, it gained 3,500%. Since May 2020, Bitcoin is up by a comparatively modest 75%.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/got-coronavirus-stimulus-buying-bitcoin-has-already-offered-12-returns\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Got coronavirus stimulus? Buying Bitcoin has already offered 12% returns &#8221; Americans who received their second coronavirus stimulus checks on Dec. 29 have already gained 12% \u2014 if they invested it in Bitcoin (BTC). As the United States government rolls out another round of \u201cfree\u201d money to eligible residents, attention is fixed on how&#8230;<\/p>\n","protected":false},"author":1,"featured_media":147649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/d6e4c8b2-03dd-492a-b71d-bbdcc1a4802f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,1545,73711,73785],"class_list":["post-147648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-coronavirus","tag-investments","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/147648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=147648"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/147648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/147649"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=147648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=147648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=147648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}