Bitcoin and major cryptocurrencies extended gains Monday as traders dug into Donald Trump’s latest economic pledge of a $2,000 “tariff dividend” for every American, funded by import duties.
The plan, presented in social reality, boosted risk appetite even as some questioned the feasibility and potential of an inflationary collapse.
“A dividend of at least $2000 per person (excluding high-income people!) will be paid to everyone,” the post said, adding that those opposed to the tariffs are “idiots!” The rhetoric comes as Washington’s fiscal debates reheat ahead of 2026 budget talks.
Treasury Secretary Scott Bessent said earlier this year that tariff revenues would be used to pay off the national debt, which now stands close to $38 trillion, although Trump’s latest comments suggest a populist tilt toward direct cash transfers.
While the proposal is unlikely to materialize without congressional approval, markets read it as a fresh injection of fiscal stimulus. The idea of a direct household payment, albeit hypothetical, revived the same risk-on reflex that drove digital assets during the stimulative era.
Bitcoin Rose 4.6% over 24 hours to $ 106,440, while ether Gained 6.1% to $3,618, data from coingecko shows. XRP LED majors with 8.5% daily jump to $ 2.48, and Solana Added 6.1% to $167.96.
The overall capitalization of the crypto market climbed to almost $ 3.5 trillion, with approximately $ 113 billion in 24-hour volume in an unusually high figure for Sunday trading.
XRP’s rally-beating rally comes on the heels of the third preliminary amended S-1 for the proposed Canary XRP ETF, which will be listed on NASDAQ under the Ticker XRPC.
The trust will hold XRP in custody with Gemini and Bitgo, which is benchmarked at the Coindesk XRP CCIXBER 60m New York rate.
Whether the “Tariff Dividend” becomes law or another campaign talking point, entrepreneurs appear happy to run the liquidity narrative again.
