Donald Trump · Bitcoin · Republicans · U.S. · Bitcoin.com News
Trump’s $5,000 Stimulus Could Send Bitcoin Higher, Pompliano Confirms
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Trump’s $5,000 payment pledge has bitcoin investor and entrepreneur Anthony Pompliano looking beyond the checks to potential gains in bitcoin, gold, and land.
Key facts
- The cryptocurrency traded below $78,000 early on Sept. 10, after moving mostly between $77,500 and $78,500 since the previous afternoon
- In April 2020, crypto exchange Coinbase’s chief executive, Brian Armstrong, shared a chart showing a spike in $1,200 deposits, while a Binance US representative described deposits of the same amount
- Trump’s $5,000 payment pledge has bitcoin investor and entrepreneur Anthony Pompliano looking beyond the checks to potential gains in bitcoin, gold, and land
- A $5,000 check could put cash in Americans’ pockets, but Anthony Pompliano sees the potential payoff extending to owners of bitcoin, gold, and land
Summary
Pompliano links larger government handouts to gains in bitcoin, gold, and land. Trump’s $5,000 pledge depends on Republican victories in both chambers. Bitcoin held near $78,000 in the initial trading response to the pledge. A $5,000 check could put cash in Americans’ pockets, but Anthony Pompliano sees the potential payoff extending to owners of bitcoin, gold, and land.