Trump's $5,000 stimulus could boost Bitcoin, says Pompliano

Bitcoin investor and Procap Financial CEO Anthony Pompliano linked former President Donald Trump’s proposal to issue $5,000 checks to every adult American with higher prices for Bitcoin, gold and land.

Pompliano’s view on government handouts

In a September 10 post on X, Pompliano wrote that larger government payments would lift the price of Bitcoin, gold and land. He cited the Trump proposal, which depends on Republicans retaining control of both the House and Senate, as a catalyst for future asset gains.

Immediate market reaction

Bitcoin traded just below $78,000 on September 10, moving within a narrow $1,000 range after the announcement. The price action was modest, indicating limited short‑term enthusiasm despite the stimulus discussion.

Historical context

Pompliano referenced the 2020 pandemic stimulus, noting that large deposits appeared on crypto exchanges after checks were issued, though the source of those funds was not confirmed.

Broader considerations

Analysts highlighted that cash payments raise questions about inflation and purchasing power, which can drive interest in assets with limited supply such as Bitcoin. Venture capitalist Tim Draper suggested that widespread acceptance of Bitcoin by retailers could eventually shift spending away from the dollar.