Trump’s $5,000 pledge fuels Pompliano’s bitcoin, gold and land case

  • Anthony Pompliano linked larger government handouts with higher prices for bitcoin, gold and land.
  • Trump proposed $5,000 payments conditional on Republicans retaining both chambers of Congress.
  • Bitcoin traded between $77,500 and $78,500 after the pledge, remaining below $78,000 early Sept. 10.

Anthony Pompliano, chairman and CEO of Procap Financial, linked larger government handouts with higher prices for bitcoin, gold and land after Donald Trump proposed a $5,000 payment for every adult American citizen. Trump said the payment would depend on Republicans retaining control of both the House and Senate in November’s midterm elections. The proposal requires congressional approval, and Vice President JD Vance said the payments would not go to wealthy Americans, while suggesting tariff revenue could fund them. A White House statement called the proposal the Trump Dividend and described it as a way to distribute what the administration characterized as the country’s economic gains. Bitcoin’s initial response was muted, trading below $78,000 early on Sept. 10 after moving between $77,500 and $78,500 since the prior afternoon. The discussion echoes the pandemic period, when large deposits matching $1,200 stimulus checks were reported at crypto exchanges, although those figures did not establish how the money was used. The broader issue is whether cash payments preserve purchasing power as inflation raises prices. Bitcoin’s limited supply can make it attractive to investors concerned about currency depreciation, but scarcity does not remove volatility, and any market impact would depend partly on recipients choosing to invest. Venture capitalist Tim Draper also suggested that money-use patterns could change if retailers moved from accepting bitcoin alongside dollars to requiring bitcoin for transactions.

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Trump’s $5,000 pledge fuels Pompliano’s bitcoin, gold and land case - CoinPost Terminal