Trump’s $5,000 Dividend Plan Fails to Move Bitcoin’s Price Past $78K

Bitcoin traded flat around $78,000 on Thursday, despite President Donald Trump’s announcement of a $5,000 dividend check for American adults if Republicans keep control of Congress.

Price Action Remains Sideways

Market data show Bitcoin hovering between $77,500 and $78,500 since the afternoon of September 9. At 8:25 a.m. EST on September 10, the cryptocurrency was priced at $77,719, briefly dipping below the $78,000 support level.

Focus Shifts to Inflation Data

Investors appear more concerned with upcoming U.S. inflation reports. The Bureau of Labor Statistics released August producer‑price index (PPI) data at 8:30 a.m., showing a 5.4% increase, higher than forecasts. The consumer‑price index (CPI) is scheduled for release on September 11. Traders are using these figures to gauge the Federal Reserve’s likely stance at its next policy meeting.

Political Proposal and Fiscal Context

Trump suggested the dividend checks would be issued if the GOP retains both houses of Congress, but no funding mechanism was disclosed. Critics note the proposal could exceed $1 trillion and widen the $1.8 trillion annual budget deficit. Vice President JD Vance later indicated the payments would exclude wealthy individuals and might be financed by tariff revenues.

Historical Comparison

The idea echoes the 2020 stimulus checks issued during the COVID‑19 pandemic, when many recipients used the funds to purchase Bitcoin. However, the current macro environment includes a $40 trillion national debt and elevated energy prices, which analysts say reduce the impact of retail stimulus on Bitcoin’s price.