Bitcoin Bulls Tempered as Bessent Clarifies Trump’s Tariff ‘Dividend’ Plan
November 10, 2025 — Crypto markets surged on Sunday after President Donald Trump announced plans for a “tariff dividend” targeting low-income Americans, sparking widespread speculation about new stimulus checks and a fresh bitcoin (BTC) rally.
Enthusiasm spread rapidly across social media, with traders touting potential upside for bitcoin, trading near $105,079, as well as XRP and DOGE, both of which tend to benefit from retail inflows during expansionary policy periods.
However, the optimism cooled after Treasury Secretary Scott Bessent clarified that the proposed dividend may take the form of tax cuts rather than direct payments. Analysts said such indirect measures are less likely to trigger the kind of rapid liquidity surge that past direct stimulus checks brought to risk assets, including cryptocurrencies.
“Tax relief isn’t the same as cash in wallets,” one strategist noted. “It may support sentiment, but it’s unlikely to spark the kind of retail-driven rally we saw in earlier stimulus cycles.”
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