Bitcoin Enthusiast Pompliano Shocked By Stimulus Check Investment Stat: Here’s What You Could Have Made
Bitcoin (CRYPTO: BTC) has surged in value in recent days, topping the $122,000 level and narrowing in on all-time highs set in August. Investor Anthony Pompliano recently used a statistic about investing stimulus checks into Bitcoin to illustrate the changing valuation and declining value of the dollar.
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Pompliano on Bitcoin Investments
Benzinga previously shared that investing stimulus checks into Bitcoin, Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) turned into nice returns for consumers who did not need the money for groceries, bills or other necessities during the COVID-19 pandemic.
In a video, Pompliano shared a stat on how much investing the first stimulus check of $1,200 into Bitcoin would be worth.
“I saw this stat and it blew my mind,” Pompliano said.
Pompliano said the huge return from investing in Bitcoin shows the difference between investing and spending.
“This is ultimately the example of what’s happening in society. We have a K-shaped economy, investors are winning and consumers are losing.”
Pompliano said that while this may not be fair, it means that people need to learn to be investors.
The people who became investors instead of consuming were rewarded and turned their stimulus money into a hard asset like Bitcoin, Pompliano added.
“If you didn’t do that, you’re on the losing side of the trade.”
Read Also: Bitcoin Hits $120,000 As JPMorgan Lifts Year-End Target To $165,000
Stimulus Checks to Consumers
The U.S. government gave out several stimulus payments during the …
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