Anthony Pompliano, chairman and CEO of Procap Financial, a Nasdaq-listed firm that holds bitcoin on its balance sheet, has linked Trump's proposed $5,000 stimulus payment to potential gains in bitcoin, gold, and land. In a Sept. 10 post on X, Pompliano wrote: "Trump announced yesterday that he is going to give out $5,000 stimulus checks. The more money he hands out, the higher bitcoin, gold, and land will go."
On Sept. 9, Trump announced at the Republican National Committee's midterm convention in Dallas that he would send $5,000 to every adult American citizen if Republicans retain control of both the House and Senate in November's midterm elections. The proposal would require congressional approval. Vice President JD Vance later said the payments would not go to the wealthy, suggesting tariff revenue could fund them. A White House statement described the proposed payment as the Trump Dividend, framed as a way to share what the administration characterized as the country's economic gains.
Bitcoin's initial price response showed limited momentum. The cryptocurrency traded below $78,000 early on Sept. 10, moving mostly between $77,500 and $78,500 since the previous afternoon.
The prospect of government cash payments has revived historical arguments about stimulus and cryptocurrency adoption. During the pandemic, crypto exchange Coinbase's chief executive shared a chart showing a spike in $1,200 deposits that matched stimulus checks, while a Binance US representative described deposits of the same amount, suggesting some money may have flowed to crypto exchanges.
Whether stimulus payments lift bitcoin could depend on recipients choosing to invest rather than spend, alongside broader economic conditions. The underlying concern for savers centers on purchasing power: inflation reduces what cash can buy, which has helped explain bitcoin's appeal to investors seeking an asset with limited supply.
