Bitcoin Price Rises as Trump Announces $2,000 in Dividends to Some Americans

BTC rose to almost $104,000 minutes ago.

Bitcoin’s price rose again in recent hours as the asset touched $104,000 for the third time in the past week.

This came after a rather interesting promise from US President Donald Trump, who said that many Americans, apart from high-income earners, would receive a dividend of at least $2,000 per person.

BREAKING: President Trump announces he will pay a “tariff dividend” of at least $2,000 per person.

Stimulus checks are officially back. pic.twitter.com/Dt4UgHVMrT

— The Kobeissi Letter (@KobeissiLetter) November 9, 2025

Trump’s pledge came after he defended the tariffs on numerous countries that he imposed during his current presidential term. The US Supreme Court is currently hearing arguments about whether these rates are even legal, while several experts have spoken out against them.

These dividends of at least $2,000 were reminiscent of similar “free cash checks” many Americans received — the stimulus sent out during the early days of the COVID-19 pandemic. At that time, as countless businesses had to temporarily close and people were left without jobs, the U.S. government began sending $1,200 checks to people.

The ever-vigilant and vocal crypto community started speculating whether these funds were being used to buy crypto, and soon after, many altcoins exploded, amplifying the rumors.

Interestingly, the price of BTC, along with most altcoins, spiked in the last few hours after Trump made his announcements, drawing comparisons between the two events.

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For now, however, Bitcoin has risen from under $102,000 to $104,000 in a matter of minutes, while ETH is up over 4% and trading above $3,500. ZEC continues to outperform after another 24% rise to $650. XMR follows suit with a 19% pump.