When the stimulus checks came in across the United States earlier this year, Some people decided to invest it in bitcoin. Many of whom have seen more than 45% returns.
Speaking in an interview at the end of last week on the 26th of July with CNN, the White House economic advisor Larry Kudlow confirmed that Americans will be receiving yet another $1200 check as a part of its $1 trillion stimulus package which was first announced on the same week on the 23rd.
But according to a recent report, many Americans have yet to receive the first stimulus check which the Treasury started to issue across the nation at the end of March. The Treasury Secretary Steven Mnuchin has said that the second payment will arrive in August this year. But could this potentially mean that November for some people if this process continues?
Due to the COVID-19 pandemic, the United States government decided to try and limit the hardship for many of its residents who lost their jobs or are seeing a significantly lower income than what they normally would.
According to some responses to the news that another check would be on its way, bitcoin is where their stimulus money will be going.
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
