As Trump's "tariff dividend" proposal simultaneously fuels market optimism and legal uncertainty, cryptocurrency traders are eyeing a new wave of liquidity, while the Supreme Court questions his tariff powers.
Author: Can Trump's $2,000 "tariff dividend" trigger the next cryptocurrency bull market?
Translated by: Baihua Blockchain
U.S. President Donald Trump proposed a $2,000 "tariff dividend" for the vast majority of Americans, sparking heated discussions in financial and cryptocurrency markets.
Trump stated that this money would come from tariff revenues, which would also help reduce the record $38 trillion national debt. The plan does not include Americans with high disposable incomes.
The market reacted almost immediately after the announcement. Solana surged above $160, Ethereum broke the $3,600 mark, and Bitcoin skyrocketed to over $106,000.
However, more procedures are needed to make this proposal a reality.
Trump revealed this dividend plan on his social platform Truth Social, stating: "At least $2,000 will be paid to everyone (excluding high-income groups!)."
The tariff dividend brings back liquidity bets similar to the stimulus policies during the COVID pandemic.
According to Kobeissi, the money supply is "outrageously high," with a 9.1% increase attributed to stimulus measures in the U.S. and China.
Do you remember the pandemic situation?
Looking back at the COVID pandemic, the potential increase in U.S. money supply from stimulus funds led to positive momentum in the cryptocurrency market.
The $1,200 checks allocated to Bitcoin in April 2020 have now grown in value to over $20,000.
This year, the increase in domestic and international liquidity has boosted optimism for cryptocurrencies. The global money supply has reached a new record of $142 trillion.
Pandemic-related developments are an important area of focus for cryptocurrencies.
At that time, a considerable number of people invested their stimulus payments received in 2020 and 2021 into cryptocurrencies.
During this period, the price of Ethereum rose from about $110 to over $800, while Bitcoin surged from around $5,000 to nearly $69,000.
Various lesser-known crypto tokens achieved even more significant growth. The influx of new capital during the COVID stimulus marked one of the most significant bull markets in the history of digital assets.
If someone allocated their $1,200 COVID stimulus payment to Bitcoin in April 2020 (when the price was about $6,500), they would have seen astonishing returns, as the value of that investment soared to nearly $24,000 when Bitcoin peaked at nearly $69,000.
The growth exceeded 1,900%. A considerable portion of the trading community believes that the proposed $2,000 dividend could present similar opportunities.
Investors think this dividend could trigger the next surge in cryptocurrencies. They believe that with new capital injections and increasing institutional interest, moderate investments could grow into larger assets.
However, reactions on social media have been mixed.
Supreme Court's Tariff Case
As the U.S. Supreme Court reviews the legality of Trump's tariff plan, its future is also shrouded in uncertainty.
Prediction platforms like Polymarket and Kalshi show that Trump's chances of winning (in court) are low, with average probabilities pointing to 20-30%.
On November 5, during the Supreme Court debate, the judges' questions aligned with a view that Trump overstepped his authority in imposing tariffs under emergency legislation.
Even conservative judges appointed by Trump questioned the legality of his tariff powers.
The president (referring to Trump) has repeatedly warned that a Supreme Court ruling against tariffs would deal a heavy blow to the U.S. economy and threaten national security.
During the tariff regime, cryptocurrencies have become volatile, and analysts say the Supreme Court case will ultimately end this tug-of-war.
Although the Supreme Court has been asked to expedite its ruling, it typically takes months to announce its decision.
However, let us not forget that the U.S. government can also impose tariffs through other laws (at least temporarily).
Currently, uncertainty in cryptocurrencies remains, and the next surge may come from the Federal Reserve's interest rate cuts and/or tariff revenue dividends.
Article link: https://www.hellobtc.com/kp/du/11/6110.html
Source: https://www.blockhead.co/2025/11/11/can-trumps-2-000-tariff-dividend-spark-the-next-crypto-bull-run/
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