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BTC Trump proposes to pay a US$5000 "dividend" to each adult U.S. citizen. How does AI predict Bitcoin respond?
Former U.S. President Donald Trump proposed that if the Republican Party continues to control Congress after the midterm elections, a "dividend" of $5000 will be paid to each adult U.S. citizen. The U.S. population aged 18 and over is approximately 245 million, which means the estimated cost of the program is as high as $1.2 trillion. The idea has caused huge controversy, with some social media users claiming that some of the funds may flow into the cryptocurrency market, triggering a large-scale bull market in altcoins. In addition, the impact of the stimulus plan on Bitcoin (BTC) is also worthy of close attention. Here are the views of three mainstream artificial intelligence chat bots on this matter.
It rose sharply at the beginning, what will happen then?
According to ChatGPT analysis, if Trump does give out $5000 to every adult American, Bitcoin may experience a strong initial rise. OpenAI's platform does not believe that people will spend most of their stimulus money on major cryptocurrencies, but it points out that even a small amount of the money is used for this purpose would still be enough to drive prices up.
The chat robot also claimed that these announcements alone were enough to trigger huge speculation, as traders might "rush" to buy bitcoins, altcoins, technology stocks and other risky assets before the funds reached the bank account. "As a result, Bitcoin could rebound strongly before it was actually distributed." It predicted.
ChatGPT believes that the real risk may emerge after the initial enthusiasm fades. If the project is funded through increased government borrowing and is launched while the economy is still weak, it could lead to higher inflation and adjustments in the Federal Reserve's monetary policy. "This creates two opposing forces for Bitcoin: inflation and currency devaluation strengthen its 'digital gold' narrative, but rising yields and tighter monetary policy often take a hit on speculative assets. So Bitcoin could surge first, but if the bond market or the Federal Reserve responded, there could be a sharp correction later." ChatGPT concluded.
Is it similar to the last time?
Google's Gemini made an interesting comparison of Trump's idea with the stimulus plan distributed to Americans during the epidemic. Between 2020 and 2021, Americans received several rounds of welfare assistance to help them maintain basic living needs after the epidemic blockade caused mass unemployment.
The chat robot pointed out that some people used part of their allocated cash to buy Bitcoin at the time, which eventually triggered a bull market. Looking back at history, the leading digital currency fell below $5000 in March 2020, and about a year and a half later, it soared to a new record of nearly $70,000.
"The total payment of $5000 per American will reach $1.2 trillion-more than all three rounds of COVID-19 cheques combined. If passed, it is likely to trigger a larger Bitcoin rally than in 2021." Gemini predicted.
