{"id":433606,"date":"2020-08-07T01:00:35","date_gmt":"2020-08-07T01:00:35","guid":{"rendered":"https:\/\/uniquehot.com\/?p=433606"},"modified":"2024-06-11T14:06:11","modified_gmt":"2024-06-11T14:06:11","slug":"ethereum-bitcoin-gold-stock-stimulus-check","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-bitcoin-gold-stock-stimulus-check\/","title":{"rendered":"Ethereum Beats Bitcoin, Gold, and Stocks In Stimulus Check Investment"},"content":{"rendered":"
Stimulus money pouring into assets like stocks, gold, and cryptocurrencies are having a dramatic impact on valuations<\/a>. But as well as Bitcoin and precious metals are performing, it is Ethereum that has brought the largest return on investment since stimulus checks were issued.<\/p>\n Exactly how much would $1,200 invested in Ethereum have earned savvy investors, and how does this stack up to the rest of the market?<\/p>\n Since 2020 first began, the Federal Reserve’s balance sheet has grown by over $3 trillion and counting. A significant portion of that money has been distributed to individual US taxpayers in the amount of $1,200 per adult over 18<\/a>.<\/p>\n The money is meant to stimulate economic activity, consumer spending, and provide relief to those hit hard by the pandemic.<\/p>\n Jobless rates have skyrocketed this year nearly as fast as the money supply. Stimulus money<\/a>\u00a0is being used for a variety of things, from everyday necessities like paying bills and groceries, to home improvement projects, to savings and investments.<\/p>\n Related Reading | Are Altcoins Silver To Bitcoin As Gold? Unusual Correlation Discovered<\/a><\/strong><\/em><\/p>\n The money flowing into the market has helped keep the stock market afloat. Meanwhile, hard assets with limited supplies are benefiting extraordinarily from inflation<\/a>.<\/p>\n Gold recently set a new all-time high<\/a>, and Bitcoin recently broke through $10,000. Silver, and its crypto counterpart altcoins, are also performing extremely well in this environment.<\/p>\n Out of all of the major assets seeing a boost from stimulus checks, it is Ethereum that has benefited the most<\/a>.<\/p>\n <\/p>\n According to CoinMetrics data shared by crypto investors and NuggetsNewsAU CEO and founder Alex Saunders<\/a>, the Fed’s stimulus is effectively monetizing crypto assets.<\/p>\n In a side-by-side comparison, the impact on the stock market and gold can be seen. But significantly above those two assets in terms of ROI, lies Bitcoin and Ethereum.<\/p>\n <\/p>\n After initial checks went out in early April, those who put their money into Ethereum now have $3,000 to show for it. The same investment in Bitcoin is worth just over $2,000. An investment in the S&P 500 or gold, despite strong rallies, would have barely resulted in roughly around $250 profit.<\/p>\n Related Reading | Here\u2019s Why a Bouncing U.S. Dollar Is Bad News For Bitcoin<\/a><\/strong><\/em><\/p>\n Ethereum’s performance still pales in comparison next to some other crypto assets. For example, Chainlink which recently set a new all-time high<\/a> has turned that $1,200 check into $3,600, tripling the investment.<\/p>\n <\/p>\nEthereum Beats Bitcoin, Gold, and the S&P 500 In Stimulus Check Investment Returns<\/h2>\n
How Much Did a $1,200 Investment Earn Since April? Top Financial And Crypto Asset ROI Compared<\/h2>\n