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BTC 
ETH Trump promised to pay a $5000 dividend to adult U.S. citizens, but the market reaction was flat.
According to CNN, on September 9, at the Republican midterm election convention held in Dallas, Donald Trump promised that if the Republican Party controls both houses of Congress in the November election, he would pay a "dividend" worth $5000 to each adult U.S. citizen.
Trump told the conference: "This is my promise: If the Republicans win control of the House and Senate, I will pay a $5000 dividend to every adult citizen of the United States." However, he did not provide specific details on the source of funding. It is estimated that the plan involves approximately 270 million adults and the total cost will exceed $1 trillion.
Later, Vice President JD Vance said the money would not be distributed to the wealthy and could be covered through tariff revenue. At the same time, the market's response to the promise has been relatively flat. According to Decibel data, Bitcoin prices remained around $78,000, and retreated slightly to about $76,000 in early trading Thursday, with traders focusing more on upcoming inflation data than on political commitments.
Historical review: The impact of the last round of check issuance on cryptocurrencies
Looking back at history, when the fiscal checks of the Trump era actually landed, the cryptocurrency market did feel the impact. In April 2020, after the CARES Act paid out $1,200 in relief, Coinbase CEO Brian Armstrong pointed out on Platform X (formerly Twitter) that deposits on the platform, which happened to be $1,200, surged, and Binance US reported similar activity.
Bitcoin prices were about US$6,900 at the time, and had climbed to about US$29,000 by the end of the year. According to tracking data cited by FXStreet, this turned a $1,200 investment into a value of more than $5,000. The second round of $600 relief checks signed in December of the same year triggered another wave of gains. Bitcoin once hit the $40,000 mark in early January 2021.
This model is not only reflected in the issuance of checks, but every policy announcement often drives market fluctuations. The FXStreet report showed that when the parties reached a $900 billion economic stimulus agreement in December 2020, Bitcoin hit a record high of nearly $24,300 at the time. All COVID-19 relief packages were introduced that year with bullish price movements.
From the CARES Act in March 2020 to March 2021, Bitcoin has increased by approximately 788%, and Ethereum has increased by approximately 1,264%, most of which occurred after the second round of checks in December. The US dollar index fell from close to 100 to about 90, and the weak US dollar also played a certain boost.
However, this effect is not evenly distributed. According to CoinDesk, by the third round of relief in March 2021, there has been no major surge in purchases related to stimulus policies in the cryptocurrency sector.
