US President Donald Trump proposed a $5,000 \u201cdividend\u201d payment to every adult American citizen if Republicans keep control of Congress after the midterm elections.<\/p>\n
The country has around 245 million citizens aged 18 and above, making the program\u2019s estimated cost a whopping $1.2 trillion. The idea sparked major controversy, with some X users claiming<\/a> part of that sum could flow into the cryptocurrency market and potentially create a major altseason. It is also worth watching how this stimulus package could affect Bitcoin (BTC). Here\u2019s what three of the most popular AI-powered chatbots said on the matter.<\/p>\n You can also check our dedicated video on the matter and much more.<\/p>\n\n According to ChatGPT, if Trump actually gives $5K to each adult American, BTC would probably experience a strong initial pump. OpenAI\u2019s platform does not expect people to spend most of the stimulus to gain exposure to the primary cryptocurrency, but it noted that even if they distribute a small amount of that sum, they could still move the price up.<\/p>\n The chatbot also claimed the announcement alone could trigger huge speculation, as traders would probably \u201cfront-run the payments\u201d by buying Bitcoin, altcoins, technology stocks, and other risk assets before the money reached bank accounts.<\/p>\n \u201cBTC could therefore rally well before the actual distribution,\u201d it predicted.<\/p>\n ChatGPT assumed that the real danger would come after the initial enthusiasm. If the program were financed through additional government borrowing and introduced while the economy is still struggling, it could lead to higher inflation and amendments to the Fed\u2019s monetary policy.<\/p>\n \u201cThis creates two opposing forces for Bitcoin. Inflation and currency debasement strengthen its \u201cdigital gold\u201d narrative, but higher yields and tighter monetary policy generally hurt speculative assets. Bitcoin might therefore surge initially, then experience a sharp correction if the bond market or Fed pushed back,\u201d ChatGPT concluded.<\/p>\n Perplexity stated that such a decision would be \u201cmildly bullish\u201d for BTC in the short term but not \u201ca standalone bull market trigger.\u201d Like ChatGPT, it said the long-term effect would largely depend on the Federal Reserve\u2019s actions and the overall condition of the American economy.<\/p>\n Google\u2019s Gemini made an interesting comparison between Trump\u2019s idea and the stimulus packages distributed to Americans during the COVID-19 pandemic. In 2020-2021, locals received several rounds of benefits to help them cover basic needs after the spread of the disease caused lockdowns and major unemployment.<\/p>\n The chatbot noted that back then, some people used part of the distributed cash to purchase BTC, which eventually triggered a bull run. Recall that the leading digital asset collapsed<\/a> below $5,000 in March 2020, while approximately a year and a half later it skyrocketed to a new record of almost $70,000.<\/p>\n \u201cA $5,000 payout per American would total $1.2 trillion \u2013 exceeding all three COVID checks combined. If passed, it would likely trigger an even more substantial rally for BTC than the one from 2021,\u201d Gemini predicted.<\/p>\n The post What Will Happen to Bitcoin (BTC) if Trump Distributes $5,000 to Each American: 3 AIs Speculate<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" US President Donald Trump proposed a $5,000 \u201cdividend\u201d payment to every adult American citizen if Republicans keep control of Congress after the midterm elections. The country has around 245 million citizens aged 18 and above, making the program\u2019s estimated cost a whopping $1.2 trillion. The idea sparked major controversy, with some X users claiming part […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-225566","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225566"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=225566"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225566\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=225566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=225566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=225566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Rise Sharply at First and Then?<\/h2>\n
Like Last Time?<\/h2>\n