$1,200 Stimulus Now Worth $11,200 in Bitcoin

Bitcoin is going parabolic.

The first round of COVID stimulus relief checks that went out in April 2020 were $1,200 for individuals.

That same $1,200 check would now be worth $11,200 if it was used to buy Bitcoin.

Since March 2020 lows, Bitcoin has gone parabolic.

The world’s largest cryptocurrency has topped $60,000 as of writing.

It feels like the sky is the limit.

We could even be in a Bitcoin Supercycle where we don’t see the usual bearish pullbacks in the later part of the crypto market cycle.

Increased stimulus and an unflinching commitment to quantitative easing has only strengthened Bitcoin’s use case as a store of value.

The world is paying attention to Bitcoin.

Institutional buying has been an X factor on top of the global pandemic and economic relief.

Public companies the likes of MicroStrategy, Square, and Tesla have led the charge, putting Bitcoin on their balance sheets.