Trump’s $5,000 stimulus pledge draws Dogecoin and bitcoin reactions

  • Donald Trump proposed $5,000 payments to adult Americans, conditional on Republicans retaining both chambers of Congress and subject to congressional approval.
  • Anthony Pompliano linked larger government handouts with higher prices for bitcoin, gold and land, while Billy Markus jokingly proposed a $1.2 trillion Dogecoin purchase.
  • Bitcoin remained below $78,000 after the proposal, while Dogecoin’s roughly $13.2 billion market value underscored the practical limits of Markus’ hypothetical.

Donald Trump’s proposal to pay $5,000 to every adult American prompted contrasting reactions from Dogecoin cofounder Billy Markus and bitcoin investor Anthony Pompliano, chairman and CEO of Procap Financial. Markus joked that the government should instead spend $1.2 trillion buying Dogecoin and distribute it to Americans, while Pompliano argued that larger government handouts could push up prices for bitcoin, gold and land. Trump said the payments would depend on Republicans retaining control of both the House and Senate in November’s midterm elections, and the proposal would require congressional approval. Vice President JD Vance said wealthy Americans would not receive the payments and suggested tariff revenue could fund them; the White House called the plan the Trump Dividend. Bitcoin’s initial response was muted, trading mostly between $77,500 and $78,500 and below $78,000 early on Sept. 10. Dogecoin traded near $0.0849, up 1.75% over 24 hours, with a market capitalization of about $13.2 billion. A $1.2 trillion purchase would exceed that value by more than 90 times and theoretically require over 14 trillion DOGE, far above reported circulating supply. The accounts cite different Dogecoin supply figures, from 155.88 billion to about 171.6 billion, reflecting different reporting periods and continuing issuance.

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