Bitcoin buyers can use stimulus checks to cash out more than $11,000 – see if you qualify

BITCOIN buyers who used their stimulus checks are about to cash out.

If you invested the initial April 2020 stimulus check of $1,200 into Bitcoin, it is now worth $11,000 as of Tuesday.

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As of Tuesday, the first stimulus payment is now worth $11,000 in Bitcoin (Stock Image)

YOUR BITCOIN PURCHASES ARE WORTH MORE NOW

According to data from BitcoinStimulus, the value of this cryptocurrency has seen an astronomical increase since 2020.

Since the first round of stimulus checks in April of 2020, the price of Bitcoin has gone up by an impressive 800 percent.

THE PRICE OF BITCOIN IS STEADILY GOING UP

That means if you used all three of your stimulus checks to invest into Bitcoin, you might be in good luck. The sum of all three stimulus packages, which equals to $3,200, can now be totaled out at $13,000.

Bitcoin’s value has continued to rise since the first round of stimulus packages were delivered back in April 2020. When the first $1,200 checks were sent out, the price of Bitcoin was between $6,000 and $7,000.

When the second batch of stimulus money was distributed in December 2020, it was for an amount of $600. During that time, Bitcoin’s price reached $28,984.

Data from CoinDesk and BitcoinStimulus reported that the $600 December stimulus equaled $1,000 in Bitcoin value.

Read our stimulus checks live blog for the latest updates on Covid-19 relief…

Earlier this year in March, a third relief package was approved. Qualifying citizens received $1,400 for the third circulation of stimulus checks.

The value of the third stimulus checks amounted to $1,500 in Bitcoin. CoinDesk’s data from that month shows Bitcoin’s worth coming to $57,684.

Whatever amount you might have invested, you’re most likely to see a nice return if you sell your share.

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