Bitcoin, Ether, Solana, Cardano, XRP Bulls Await Mega Buying Spree from Trump's $2000 Stimulus Checks

US President Donald Trump recently took to his social media network, Truth Social, to propose a $2,000 stimulus check for Americans. In his usual flamboyant style, Trump highlighted the latest economic achievements of his administration, including a record-high stock market, and concluded the post by stating that this economic success should be passed down to the people in the form of $2,000 checks.

The move represents the continuation of Trump’s stimulus check policy, which he used during the pandemic as a means to compensate Americans reeling from the economic shutdown.

The crypto community, in particular, is eager for this development, as it would bring a much-needed cash injection into the markets and possibly lead to the revival of the flailing bullish setup. Many of them immediately jacked up their crypto investments back in 2020 when they received the last of Trump’s stimulus checks.

Trump Speaks in Favor of Tariffs, Promises Rewards to All Americans

While the plus side is that the US government may pay each American a stimulus check that many desperately need during the current affordability crisis, the flip side is that the tariff war is likely to drag on, and the economy may come under pressure soon enough.

However, Trump immediately flip-flopped on his position and then suggested that the checks would only be sent to low and middle-income US citizens, and the rest would be used to lower the national debt. It remains to be seen how the stimulus dollars will help pay back the country’s national debt, which now stands at a whopping $37 trillion and is contributing to the rampant inflation in the country.

The Response

Trump’s abrupt promise of these sizable checks has caught many commentators, as well as his own cabinet members, off guard. His own Treasury Secretary, Scott Bessent, voiced surprise regarding this move. He confirmed that he had not reviewed the concept of a tariff rebate with the president, and that specific proposals were not currently under consideration. The move might cause alarm among a section of his party that is heavily opposed to stimulus checks, as they are considered a short-term fix and can fuel inflationary forces.

However, the crypto community was largely anticipating a major buying spree that could help move the market forward. One user replied to a tweet:

“This kind of capital injection always finds its way to crypto markets. Wonder how sustainable that plan really is long-term.”

Another quipped:

“National debt about to get the Buy The Dip treatment.”

There is no clear timeline for this development, nor is it known whether Congress will be willing to fund it. Still, Trump has demonstrated a willingness to act with the checks, so there is a significant possibility that the move might happen in the near future.