From Nasdaq, Inc.:

The COVID-19 pandemic continues to have a lasting impact on the economy and job market, causing higher inflation and financial strain on businesses and consumers. To counteract the economic effects, the U.S. government provided three stimulus payments to eligible adults and children under the CARES Act, Tax Relief Act of 2020, and American Rescue Plan Act of 2021.

While many Americans used the stimulus payments for bills and savings, others chose to invest in stocks and cryptocurrencies. For those who put the money into leading cryptocurrencies like Bitcoin, Dogecoin, and Ethereum, the potential gains have been substantial, with Bitcoin returning 221.5%, Dogecoin returning 1,812.7%, and Ethereum returning 626.0%.

Of particular note is the significant rise in value of Dogecoin from $0.0020 to $0.08107 on the latest date, demonstrating a staggering 1,812.7% increase in value when investing stimulus payments into this particular cryptocurrency. Investment in Bitcoin or Ethereum from the stimulus checks would have also resulted in significant gains.

A more diversified approach, splitting the stimulus investment equally among Bitcoin, Dogecoin, and Ethereum on their respective payout days, would have yielded a 865.8% return, underlining the potential of cryptocurrency investments.



Read more: If You Invested Your 3 Stimulus Checks In Bitcoin, Dogecoin, Ethereum, Here’s How Much You’d Have Today