Bessent Tempers Market Hopes as Trump’s Tariff ‘Dividend’ May Mean Tax Cuts, Not Checks
November 10, 2025 — Crypto markets briefly surged on Sunday after President Donald Trump unveiled plans for a “tariff dividend” for low-income Americans, igniting speculation that a new round of stimulus checks could fuel the next bitcoin (BTC) rally.
The announcement sent social media into overdrive as traders cheered the potential for fresh liquidity, with bitcoin trading near $105,079 and retail favorites XRP and DOGE also gaining momentum.
But the euphoria faded when Treasury Secretary Scott Bessent clarified that the plan may come in the form of tax cuts rather than direct payments. Analysts noted that such indirect stimulus measures typically have a slower, more muted impact on spending and risk assets compared with direct cash infusions.
“Tax relief is helpful, but it’s not the same as money hitting wallets,” one strategist said. “Crypto traders were expecting jet fuel — they might just get a mild tailwind instead.”
Share this content:
