According to the source, a backtest using official IRS Economic Impact Payment schedules and BTC prices from CoinGecko shows that allocating the three U.S. Covid relief checks into Bitcoin would have accumulated roughly 0.227 BTC by using IRS payment start dates and CoinGecko daily prices. At BTC’s all-time high of about $73,738 on March 14, 2024, as reported by CoinGecko, that stack would be worth approximately $16,700 versus $3,200 invested, a gain near 5x by calculation. The implied blended entry price is about $14,100 per BTC based on IRS payment amounts and CoinGecko prices, indicating the cohort would be in profit above that level by calculation. Tranche detail: $1,200 when EIP1 began in April 2020 (IRS) at about $6,650 per BTC (CoinGecko) equals ~0.180 BTC; $600 when EIP2 began on December 29, 2020 (IRS) at about $27,374 (CoinGecko) equals ~0.022 BTC; $1,400 when EIP3 began on March 12, 2021 (IRS) at about $57,000 (CoinGecko) equals ~0.025 BTC. For traders, the 2024 ATH and the ~$14.1k blended cost basis provide clear reference levels for momentum and profit-taking analysis derived from CoinGecko pricing and IRS schedules.