Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

If You Invested Your 3 Stimulus Checks In Bitcoin, Dogecoin Or Ethereum, Here's How Much You'd Have Now | Benzinga

If You Invested Your 3 Stimulus Checks In Bitcoin, Dogecoin Or Ethereum, Here's How Much You'd Have Now | Benzinga

Stimulus money in the pandemic has been a major factor behind the current boom in stocks and cryptocurrencies.
In 2020, the Coronavirus Aid, Relief and Economic Act provided payments of $1,200 for eligible adults and another $500 for those with qualifying children.

The CARES Act was the first of three rounds of stimulus payments for Americans since March 2020.

The Tax Relief Act of 2020 in December declared additional payments of $600 per eligible adult and up to $600 for those with qualifying children.

The American Rescue Plan Act of 2021 last month provided an additional $1,400 payment to eligible adults and up to $1,400 for those with qualifying children.

Some consumers used the stimulus payments to help with increased expenses or lower income due to the pandemic. Others saved the money or invested it.

Here is a look at the return a consumer would have had if they put their stimulus checks into leading cryptocurrencies like Bitcoin, Dogecoin and Ethereum on the dates of April 11, 2020; December 29, 2020; and March 12, 2021.

The calculations are based on the stimulus payments of $1,200, $600 and $1,400 for eligible adults by using the highest price each cryptocurrency traded for on the dates Americans began receiving checks.

Stimulus Check In Bitcoin: Investing in Bitcoin (CRYPTO: BTC) with a portion of stimulus checks may have been a popular option for investors and people looking to store some of the payments from the US government.

Bitcoin traded at $6,926 on April 11, 2020; $27,370 on December 29, 2020; and $57,996 on March 12, 2021. A person who put all $3,200 from the stimulus checks into Bitcoin would have been able to purchase a total of .219 of the cryptocurrency. Based on a price of $55,375.31 for Bitcoin today, that $3,200 would now be worth $12,127.

Stimulus Check in Dogecoin: The meme cryptocurrency known as Dogecoin (CRYPTO: DOGE) has seen its valuation rise sharply in 2021 thanks to strong interest from retail investors and the support of famous people like Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.

Dogecoin traded at $0.0020 on April 11, 2020; $0.0046 on December 29, 2020; and $0.0570 on March 12, 2021. A person who put all $3,200 from the stimulus checks into Dogecoin would have been able to purchase 754,996 of the digital tokens. Based on a price of $0.3327 for Dogecoin today, that $3,200 would now be worth $251,187.

Stimulus Check in Ethereum: One of the fastest growing cryptocurrencies in 2021 is Ethereum (CRYPTO: ETH), thanks to its connection to non-fungible tokens.

Ethereum traded at $161.17 on April 11, 2020; $737.95 on December 29, 2020; and $1,839.50 on March 12, 2021. A person who put the $3,200 into Ethereum would have been able to purchase 9.02 of the coins. Based on a price of $2,157.25 for Ethereum today, that $3,200 investment would now be worth $19,458.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×