What I find interesting about this is that is shows the steep divide between financial classes. (Completely by accident mind you). If you didn't need the money and could invest it in a risky strategy which you might lose completely, you would have earned X. To those people who desperately needed the money to survive, they are afforded no such option.
If anything cryptocurrency is the "fairest" asset class so far. Anyone could buy it. This is as opposed to VC/hedge funds which are only open to institutional/accredited (aka rich) investors only.
I don't disagree. I am merely commenting on the idea of funds meant to keep people from starving and mapping where they would be if invested. The fast food worker down from my house is definitely not thinking about "stimulus investment strategies"
Minus the tax hit they might take when selling back for fiat and being unaware of the tax implications that having advice a dedicated lawyer or accountant would offer.
Is this the case? I believe lottery tickets are often purchased the most by people who desperately need the money to survive.
Is there a $1200 lottery ticket?
Not that I've ever heard of, but per-adult average annual lottery spend in my state (Illinois) was $287.07 (2017). Since many adults don't spend any money on the lottery, there are certainly many who spend more than $1200/year.