According to unconfirmed reports, President Donald Trump is considering a new stimulus check for low-income Americans.
An unconfirmed report says the proposal is under review as part of a broader economic support plan. It’s still rumours, but the move may reflect a pandemic-era relief policy injecting billions into American families.
What is stimulus check?
Stimulus checks are direct federal cash payments to eligible citizens. They aim to increase spending and reduce financial stress during economic slump and emergencies.
In 2020, under the Care Act, individuals received $1,200 and joint filers earned $2,400. The government followed up additional rounds in December 2020 and March 2021.
Trump’s name was printed on the note line of the first batch, sparking criticism for politicizing aid.
However, this payment helped millions cover their essentials, and many others turned into investments.
Stimulus checks and the 2020 crypto boom
A significant portion of the recipients used stimulus checks to purchase cryptocurrencies, particularly Bitcoin.
Coinbase and Binance data at the time showed a surge in BTC purchases of $1,200 within days of spending.
Retail investors flooded the crypto market, driving over $60,000 in Bitcoin by April 2021, from about $7,000 in April 2020.
Altcoins such as Ethereum, Dogecoin, and Uniswap also saw parabolic growth in the months that followed.
The purchase of stimulus fuel coincided with the rise of Robinhood traders, NFT speculations, and the first wave of debt expansion. It was a retail-led stage that brought millions of people to digital assets.
Potential impact on ciphers in 2025
If a new round of checks is approved, the crypto market will be able to see new retail activities. This is because the institutional flow to Bitcoin ETFs has slowed in recent weeks, and there is room for consumer sentiment to drive prices.
Unlike 2020, the 2025 crypto space includes more on-ramps, tokenized assets and mobile-first investment tools.
Therefore, this allows users to easily convert stimulus caches into digital assets, especially stubcoins and trend tokens.