What is the Best Use of my $600 Stimulus Check???
In mid-November 2020, Bitcoin shot past $18,000. This past weekend, Bitcoin hit nearly $28,000 (see below).
Where will it be at the end of 2021?
In crypto we trust, and in bitcoin, there is a unique opportunity set before us.
Assuming all goes as planned, Americans are set to receive a second stimulus check of $600. As we have all suffered under the weight of 2020, much is uncertain for all of us. Above all else, we entreat everyone to protect themselves and make the wisest use of the money in their unique situations that help take care of their individual needs. However, if those needs are already met, we should all be thinking about the opportunity to develop our financial well-being so that our needs in the future are maintained as well.
All that being said $600 doesn’t get us very far. While Dems and Reps spout off in DC, and Trump continues the push for $2000, we should be working on doing our homework and taking care of business for ourselves. For, in the end, the responsibility is on each one of us as individuals.
So now we get down to business. Throughout the month of December, we covered three great stocks that can help us on that journey.
Next Monday, we’ll cover three more. In the meantime, something truly unique is going on. Bitcoin is creating immense value for the faithful.
One of the experts at a leading global bank, that being Citibank’s Tom Fitzpatrick, has predicted that by the end of 2021 bitcoin would peak at $318,000. For bitcoin to do that, it would need to reach a multiple of approximately 11.42 times Sunday morning’s high.
Now for the magic, if we invested our $600 at that high and Bitcoin does peak at such a level in 2021, we would all have a peak balance of approximately $6,852. That’s nearly $7K! I’ll bet that would help out our individual finances a great deal. And the best part, there are estimates that place the opportunity much higher!
Even if Bitcoin performs only half as well as that prediction it would still represent nearly $3500. Still, far better than that $600. And finally, even if it floats around current levels the future is bright as some of the more respectable names in the field have stated their belief that Bitcoin will even go to $1,000,000 (see vid below). That would turn our $600 into over $21,500.
Thanks to Paul G. Potts
So, if we believe that Bitcoin is a true store of value, represents the digital future that is now, and offers a simple opportunity to join a worldwide financial revolution. Bitcoin HODLing may be for us! We know it is for BCB Cyber! Best wishes to all and look forward to seeing everyone back here next Monday for some great new stock picks!