Replies (14)

bc21's avatar
bc21 1 year ago
Stay humble and stack zaps
zoé's avatar
zoé 1 year ago
i feel robbed. i spent the stimulus checks on fucking college tuition 😭
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Roboto 1 year ago
Such a good post. Talk about putting it into perspective.
Rodrigo's avatar
Rodrigo 1 year ago
This is great, thanks for putting it into perspective. What was the math used to get to that debased number?
I remember getting two stimmies, $1400 and $1200 and they were immediately converted to bitcoin... Was a no brainer
BitcoinAscent⚡️ Separation Of Money And State⚡️'s avatar BitcoinAscent⚡️ Separation Of Money And State⚡️
Did you receive a $1,200 stimulus check back in April 2020? You could have bought 0.13909818 #Bitcoin with that check back then. Today 0.13909818 Bitcoin is worth $9,737. The $1,200 from back then has the value of $950 today. Maybe you should get off zero and buy Bitcoin. image
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Mine got sent to the wrong address and returned to the IRS instead of given to me 😔 but I’m still stackin 💪
I used an inflation calculator to find the inflation rate from 2020. It said that if you bought something in 2020 for $1,200 it would cost $1,453.79 in 2024, which is a 21.1% increase. So if you multiply $1,200 by 78.9% you get $946.80. Then I just rounded to $950. There are many inflation calculators out there. Some give slightly different numbers. Here's the one I used.