$93,523.00
5.73%$1,788.44
10.35%$2.27
7.91%$610.70
0.77%$151.62
8.59%$0.999957
-0.00%$0.181725
11.27%$0.699267
9.47%$0.245827
-0.74%$1,786.31
10.42%$93,591.00
5.96%$14.82
11.53%$22.67
12.75%$2.89
24.89%$0.272231
9.87%$9.08
0.05%$0.00001372
9.56%$0.185348
7.74%$3.10
6.61%$2,143.60
10.13%$0.99991
0.01%$357.84
3.48%$84.22
6.36%$18.83
3.43%$4.10
9.67%$4.58
3.47%$0.999755
-0.05%$1,789.36
10.44%$0.99935
-0.01%$0.666222
4.80%$226.99
4.75%$28.44
0.16%$1,906.37
10.45%$0.00000912
12.96%$93,694.00
5.91%$5.97
11.32%$5.34
9.76%$52.24
2.26%$2.48
13.30%$0.929536
8.19%$23.69
2.27%$332.38
2.09%$5.16
10.53%$32.90
2.04%$16.89
8.67%$0.092213
12.05%$1.058
0.90%$1.00
0.00%$163.65
11.75%$0.094457
2.86%$4.59
4.33%$0.705418
5.89%$0.0260913
10.67%$1.17
0.15%$4.33
6.16%$93,457.00
5.85%$0.219182
1.36%$0.339654
16.33%$0.217685
12.67%$9.24
8.61%$4.23
-0.05%$2.73
8.95%$2.80
11.66%$0.629723
7.04%$0.516672
8.09%$0.328598
9.68%$0.999595
0.21%$4.13
5.15%$93,443.00
5.70%$0.458826
13.13%$10.35
3.73%$158.65
8.43%$0.754434
9.58%$1,489.84
7.86%$0.804428
7.78%$0.077633
8.16%$0.00001566
21.45%$0.640008
39.59%$1.16
9.54%$0.860388
10.68%$1,787.96
10.31%$1.059
0.73%$0.01677221
4.66%$1,862.84
10.26%$71.36
5.68%$0.666623
5.52%$3.76
3.98%$0.194407
8.39%$1.00
-0.01%$9.53
12.26%$15.72
6.41%$0.670319
9.19%$1.00
0.02%$0.090609
8.43%$2,005.98
9.85%$0.999547
-0.03%$3,342.64
-4.02%$1.00
0.02%$93,107.00
6.06%$610.34
0.72%$0.01644058
15.64%$3,347.93
-3.96%$194.97
8.49%$2.62
11.86%$0.01706661
7.33%$93,507.00
5.81%$167.27
8.53%$0.297259
8.56%$0.19386
13.05%$0.804464
11.23%$3.89
13.67%$0.119549
5.83%$1,901.15
10.22%$0.691699
10.14%$0.997721
-0.01%$0.661976
2.73%$0.00006813
15.96%$0.01891106
11.55%$0.00000064
4.34%$0.398293
7.07%$0.999009
0.01%$93,367.00
5.44%$2.01
3.69%$0.495372
13.85%$30.75
5.40%$1.87
8.95%$1.11
1.63%$0.24387
8.56%$0.00642419
12.39%$0.310814
4.03%$1,870.13
10.39%$16.97
11.18%$3.48
5.03%$0.539321
6.40%$0.153673
8.69%$0.556003
27.71%$0.556449
4.22%$33.20
7.84%$0.552539
18.21%$0.204952
65.29%$0.771177
33.93%$0.998502
0.02%$91,303.00
5.14%$0.638374
9.20%$0.00861248
2.24%$0.446867
7.46%$0.0672
-0.09%$93,460.00
5.75%$0.99999
0.00%$0.181121
10.81%$0.04698021
36.58%$1.68
5.21%$1.31
5.00%$0.999894
-0.01%$88,321.00
0.00%$1,849.61
9.21%$2.11
6.94%$0.0000221
6.40%$15.52
10.09%$0.00688281
33.65%$0.14741
9.35%$1,790.88
10.64%$110.78
0.01%$93,441.00
5.82%$5.98
8.96%$6.44
16.71%$0.00000042
-1.17%$1.009
0.95%$1.084
-0.00%$0.505659
9.66%$2.52
10.44%$3.67
7.34%$0.077579
8.45%$0.490029
21.66%$0.04135589
11.39%$0.335603
20.62%$1,787.91
10.20%$43.11
8.42%$1,788.17
10.43%$0.219497
1.22%$0.00724286
15.09%$1,903.33
10.30%$0.08121
7.10%$0.37151
23.08%$0.999965
-0.01%$1.00
0.03%$1,788.37
10.28%$21.78
-0.49%$0.567677
7.26%$0.00417057
4.70%$0.174988
2.78%$0.999549
-0.26%$0.00006348
5.37%$0.822945
5.21%$0.01726337
0.04%$1,831.98
10.25%$0.99963
0.02%$0.999983
0.01%$0.119907
0.39%$0.03169697
1.07%$0.00000153
15.56%$0.328012
7.66%$0.303091
35.64%$0.670224
19.84%$93,547.00
5.83%$2.68
7.72%$113.65
7.86%$1.19
9.31%$1.00
-0.02%$0.23944
9.05%$26.72
6.49%$3.59
4.81%$93,771.00
6.66%$0.138607
-1.17%$0.682519
-3.69%$0.00415784
64.36%$0.636062
9.78%$1,768.31
10.35%$0.999099
-0.09%$22.27
7.16%$0.271431
4.71%$2.87
4.34%$3,187.04
0.00%$0.00043603
-1.15%$1,886.50
9.96%$1,787.14
10.38%$0.187589
6.91%$0.112027
6.20%$0.51149
5.71%$0.03691333
3.56%$0.00283447
7.60%$0.966332
14.86%$15.34
10.08%$0.01266213
6.43%$0.442287
6.34%$22.63
12.68%$1,878.33
5.78%$0.02921267
5.04%$0.728696
9.53%$1.029
11.36%$0.00
12.40%$1,959.74
10.21%$94,543.00
6.92%$2.25
7.24%$0.999907
0.01%$0.999591
-0.05%$1,945.95
10.46%$0.235274
20.09%Reading
Role
Co-founder and CEO of Coinbase
Location
San Francisco, California
Education
Rice University
Current Project
Coinbase
Previous Projects
Airbnb, UniversityTutor.com, Deloitte, IBM
Those who purchased Bitcoin with their coronavirus stimulus checks have already profited to the tune of 35%.
When the US government checks arrived in mid-April, many announced their intention to splurge on guns, tigers and Bitcoin. This was not long after the price of Bitcoin was cut in half over two days in March.
Coinbase CEO Brian Armstrong provided data which showed a near four-fold increase in the number of Bitcoin purchases on the exchange worth exactly $1,200—the same amount as the stimulus check—on the day they were handed out.
— Brian Armstrong (@brian_armstrong) April 16, 2020
Now, Bitcoin buyers have seen returns of 35% in just a few weeks. That’s based on a buy-in price of $6,674 on April 13, when the first batch of stimulus checks were rolled out.
The price of Bitcoin continued to climb all throughout April, and at the time of writing one Bitcoin is now worth $9,000.
In an unprecedented move, the US Treasury ordered President Donald Trump’s name to be printed on the stimulus checks. Now, those who invested their “Trump change” in Bitcoin are celebrating their victory on Reddit.
However, some suggested that victory may only be a short-term one, “Let’s see if you still have the same gain on May the 13th,” said one commenter on Reddit. That refers to the day after the Bitcoin block reward halving—an event still riddled with uncertainty. On this day, the new supply of Bitcoin will be cut in half, making life harder for Bitcoin miners.
7 days left until next #BitcoinHalving
▓▓▓▓▓▓▓▓▓▓▓▓▓░ 99%— Bitcoin Halving Countdown (@Bitcoin_Halving) May 5, 2020
Notably, much of the altcoin market performed better than Bitcoin over the past few weeks. Given DigiByte’s (DGB) recent ascension up the market cap top 100, putting “Trump change” into DGB on April 13 would have netted 249% gains by now.
As always, caution is warranted when throwing money at the cryptocurrency market—not least amid a pandemic. Throwing the stimulus check money on Bitcoin appears to have paid off for now, but with such a volatile price, it is truly a gamble.
Tips
Have a news tip or inside information on a crypto, blockchain, or Web3 project? Email us at: tips@decrypt.co.
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