Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit By Cointelegraph

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A median American taxpayer obtained three rounds of stimulus checks from the USA authorities as a way to reignite the financial system by rising customers’ spending potential. For a lot of, this meant a chance to spend money on (BTC).

A Cointelegraph report from Aug. 26 reveals that 11% of the respondents between the ages of 18 to 34 reinvested part of their stimulus checks into cryptocurrencies. Grownup Individuals that reinvested the primary spherical of stimulus funds from April 2020 into Bitcoin have realized a internet revenue of roughly 442%, turning a $1,200 funding into $5,304 as of Oct. 31, 2021.