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ZEC Trump proposed a $5000 "dividend" to each American adult, attracting attention from the crypto market.
President Donald Trump proposed that if the Republican Party controls Congress after the midterm elections, a $5000 "dividend" will be paid to each adult American citizen. Cryptocurrency traders reacted almost immediately, with at least one closely watched account describing the idea as a liquidity shock that could trigger the last major bull market.
The proposal is expected to cover approximately 245 million U.S. citizens over the age of 18, with a total cost estimated at approximately US$1.2 trillion. Previously, such large-scale fiscal stimulus only occurred during the epidemic, when nearly $4 trillion in financial support was released during the blockade.
Analysts: This move could ignite a "crazy" altcoin season
Mark Chadwick posted on X, focusing on the possible significance of the payment for cryptocurrencies: "If this plan comes true-it's a huge assumption-it will indeed ignite the craziest altcoin season ever." He compared its potential impact to the crypto market in 2021, calling it a "COVID-19 stimulating catalyst for 2021" superimposed on the bull market he believes is forming. Finally, he praised the president: "Well done, Mr. Trump. Well done."
However, not everyone holds the same view. Economist Peter Schiff dismissed the plan as an attempt to buy votes, writing that Trump was offering "a $5000 bribe in exchange for votes" and warning that printing money would lead to inflation well above any level during the Biden administration.
The basic pattern of the altcoin has become fragile
Whether the payment is finally implemented, it will appear at a meaningful moment for the altcoin. Analyst Matthew Hyland has noted over the past week that charts including ETH, Total2, Total3 and other assets have all broken through multi-year downtrends, leading him to conclude: "The largest bull market for altcoins in history is in the making."
As previously reported, this argument is based on a ratio analysis that compares the performance of cryptocurrencies outside the top ten with the S & P 500. The ratio has been declining for many years since its peak in 2017 and is currently near the bottom of the range and showing an oversold signal.
However, the leverage structure supporting this narrative does not seem so convincing. This week, the size of open interest in altcoin perpetual contracts exceeded that of Bitcoin for the first time, with Zcash alone holding approximately US$2.4 billion in derivatives positions. Investor Michael Bucella compared this layout to October 2025, before the all-market liquidation event.
