to leave a comment.
▲ United States, Bitcoin (BTC), Ethereum (ETH), XRP/AI-generated image
As U.S. President Donald Trump brought up a $5,000 dividend, the potential for liquidity benefits for Bitcoin (BTC), Ethereum (ETH), and XRP has come into focus.
According to the crypto-specialized media outlet Coingape on September 10 (local time), Trump announced that he would pay $5,000 to every adult U.S. citizen if Republicans gain control of both the House and the Senate in the midterm elections. On the first day of the Republican National Committee (RNC) midterm election convention in Dallas, Trump stated, “If the Republican Party wins both the House and the Senate, bolstered by tremendous economic success, I will pay a $5,000 dividend to every adult citizen in America.” He referred to this as the ‘Trump Dividend’ and said it would be for use within the United States.
U.S. Vice President JD Vance defended the dividend plan, citing tariff revenues. Vance explained that he did not see it as a controversial idea, stating that tariffs had generated significant revenue. However, the full funding plan for the estimated $1.2 trillion in payments was not disclosed. Actual payment would require budget approval from the U.S. Congress.
Coingape analyzed that if large-scale cash payments materialize, the preference for risk assets and expectations of increased liquidity could influence the cryptocurrency market. Bitcoin showed a strong upward trend during the period when stimulus packages were implemented in 2020-2021. The media reported that liquidity expectations were reflected in the market last year when a $2,000 tariff dividend plan was announced. The Kobeissi Letter assessed that if the $5,000 payment materializes, it would be the largest stimulus payment since the COVID-19 pandemic.
Cryptocurrency analyst That Martini Guy analyzed that a $5,000 dividend could have the effect of directly injecting over $1 trillion into the U.S. economy. He stated, “If it is actually implemented, consumer spending and liquidity are expected to receive significant help,” and “Bitcoin and risk assets could also benefit, but the bigger question is how the funds will be secured.” Coingape explained that in past phases of liquidity expansion, buying interest spread not only to Bitcoin but also to major cryptocurrencies like Ethereum.
XRP was also mentioned as a potential beneficiary during periods of increased market liquidity. Coingape cited JPMorgan, Morgan Stanley, and Goldman Sachs' investments in XRP ETFs as key factors. XRP has risen over 50% in the past month. However, the $5,000 payment is contingent on both the Republican Party winning both the House and Senate and congressional approval, and specific funding methods have not yet been disclosed.
[Article Key Summary]
-Trump announced that he would pay $5,000 per adult U.S. citizen if the Republican Party gains control of both the Senate and the House in the midterm elections.
-The dividend payment is estimated to require approximately $1.2 trillion, and actual implementation would require approval from the U.S. Congress.
-Coingape suggested that if large-scale liquidity is injected, major cryptocurrencies such as Bitcoin, Ethereum, and XRP could benefit.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.