US citizens have earned $4.5 from stimulus checks invested in BTCs
Industry News
In August, CNBC disclosed the survey showing that 11% of US citizens aged 18-34 decided to invest their COVID-19 stimulus checks in Bitcoin. The first cryptocurrency got 2nd place after stocks. Stimulus checks sums were from $800 to $2800, depending on a set of conditions.
As of August, the Bitcoin price was $39 974 per coin. Within the next three months, the price has skyrocketed by 55.1% (at the moment of writing, Bitcoin is traded at $62 119 per 1 coin). It’s high time to make some conclusions for American progressive investors.
US citizens have earned from $312 to $4 500 net profit if they invested their stimulus checks in Bitcoin; meanwhile, more than 94% of investors still stake on the first cryptocurrency, waiting for the next all-time highs.
Furthermore, 57% of US institutional investors are interested in cryptocurrencies, wishing to add some digital assets into their portfolios. Institutional players consider using Bitcoin, Ethereum, Cardano, and Solana as foremost investment instruments.
The crypto market undergoes another bullish run, as the overall market capitalization set one more all-time high record on November 1, reaching $2.643 trillion. If the crypto market was a corporation, it would lead the ranking – Microsoft, the current leader according to market cap, is valued at $2.49 T.
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