Trump Floats $2,000 Tariff Checks — Time To Buy Bitcoin?

189
SHARES
1.5k
VIEWS


President Donald Trump announced Sunday that his administration wants to send Americans a $2,000 “tariff dividend” check, citing record revenues from trade tariffs and a booming U.S. economy.

In a post on Truth Social, Trump wrote, “People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country In the World, With Almost No Inflation, and A Record Stock Market Price.”

Related articles

The president said that “a dividend of at least $2,000 a person (not including high-income people!) will be paid to everyone,” describing the payout as a benefit from the trillions of dollars collected through tariffs.

This is not the first time Trump has floated the idea of sharing tariff revenues directly with Americans. 

Trump’s announcement comes as the Supreme Court considers whether his administration’s wide-ranging tariffs were legally imposed. Justices reportedly sounded skeptical of his authority during last week’s oral arguments.

Earlier today, Trump posted “All money left over from the $2000 payments made to low and middle income USA Citizens, from the massive Tariff Income pouring into our Country from foreign countries, which will be substantial, will be used to SUBSTANTIALLY PAY DOWN NATIONAL DEBT.” 

Despite the legal uncertainty, Trump doubled down on his trade policy, touting record stock prices, all-time-high 401(k)s, and what he called “a manufacturing boom across the country.”

Trump stimulus checks into Bitcoin? 

The move has drawn comparisons to the pandemic-era stimulus checks — and the incredible returns those payments would have generated for anyone who invested them in Bitcoin.

If you bought Bitcoin with your $1,200 stimulus check in April 2020, you’d now be sitting on roughly $18,940 — a gain of more than 1,400%. Back then, Bitcoin traded around $6,600. Today, the price is hovering above $105,000.