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    Wednesday, 6 May 2020

    Gambling on Bitcoin with Trump’s $1,200 corona check was a good bet


    The US government recently sent $1,200 coronavirus stimulus checks to every lower-and-middle class American, but it wasn’t long before cryptocurrency exchanges reported influxes of Bitcoin purchases for exactly that amount. That was in mid-April, when Bitcoin traded at around $6,600. Since then, the price of Bitcoin has risen above $9,200, which means those who bought Bitcoin with their “corona cash” are well in the green. [Read: Democrats counter Trump’s fake coronavirus news with AI that fought ISIS propaganda] In fact, Bitcoin fans who immediately used their stimulus money to stack sats would’ve paid $1,200 for around 0.179 BTC. Now, that’s worth in…

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