Tag: Americans

  • Could Trump’s $2,000 tariff rebates for Americans stimulate an altcoin surge?

    Could Trump’s $2,000 tariff rebates for Americans stimulate an altcoin surge?

    Trump’s proposed $1-2K tariff rebates could spark consumer spending and a selective rally in altcoins.

    • Trump considers $1,000–$2,000 tariff rebates for American households.
    • Rebates aim to reduce the $37T national debt but face legal hurdles.
    • Analysts see potential for a targeted altcoin surge, not a full-blown rally.

    US President Donald Trump is reportedly thinking about giving American households a tariff rebate somewhere between $1,000 and $2,000.

    He is pitching it as a kind of “dividend for the people,” and naturally, it could shake up both consumer spending and the markets.

    The main aim? To chip away at the $37 trillion national debt.

    But here’s the interesting part, people are already speculating this move could spark another altcoin rally, kind of like what we saw back in 2020–2021 when pandemic stimulus checks sent retail investors rushing into crypto.

    Trump’s tariff dividend: Policy and legal challenges

    The rebates Trump is talking about would come from the revenue generated by his aggressive tariff policies.

    So far in 2025, those tariffs have brought in about $215 billion, and some projections suggest it could hit $300 billion by the end of the year.

    Trump has been clear that reducing the national debt is still the main goal, but he’s also hinted at sending cash directly to Americans, saying something like, “We’re thinking maybe $1,000 to $2,000 – it would be great.”

    The administration even claims that tariffs could eventually pull in over $1 trillion a year, though that’s still very much up in the air.

    But here’s the catch: the legality of these tariffs is under serious judicial review.

    The Supreme Court is set to hear a case in November 2025 to decide whether the president actually has the constitutional authority to impose broad tariffs.

    Past rulings from the US Court of Appeals for the Federal Circuit have already raised questions.

    Treasury Secretary Scott Bessent has even warned that if the courts rule against them, the government might have to refund anywhere from $750 billion to $1 trillion in collected and projected revenue.

    So, while the rebate idea sounds exciting, this legal uncertainty makes it far from guaranteed.

    Altcoin markets: a potential surge?

    Analysts are saying that if these rebates actually happen, we could see a surge in altcoin investing.

    A 2023 study by Harvard’s Marco Di Maggio found that when households get extra cash, it often leads to more people buying crypto, especially retail investors looking for yield or a hedge against inflation.

    That’s exactly what happened during the 2020–2021 altcoin boom, when Bitcoin’s dominance fell from 73% to 39%, thanks largely to pandemic stimulus checks flowing into digital assets.

    Things are a bit different now, interest rates are over 4%, and the total crypto market cap has grown to $4 trillion.

    But experts like Wintermute strategists say any new “alt season” would likely be more selective, focusing on coins with real utility instead of pure speculation.

    Still, the psychological boost from direct payments, along with expected Federal Reserve rate cuts, could get retail investors excited again.

    Platforms like XRP and Solana might be among the big winners if attention shifts toward innovation-driven blockchains.

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  • Bitcoin ownership surpasses gold in the US as 50M Americans hold BTC

    Bitcoin ownership surpasses gold in the US as 50M Americans hold BTC

    Bitcoin ownership in the US

    • 50 million Americans now own Bitcoin, surpassing 37 million gold holders.
    • US firms hold 94.8% of publicly traded companies’ Bitcoin reserves.
    • US leads globally with 40% of all Bitcoin companies headquartered domestically.

    Bitcoin has officially outpaced gold in US ownership, marking a significant pivot in the country’s investment landscape.

    According to a new report released on 20 May by Bitcoin investment firm River, roughly 50 million Americans now own Bitcoin, compared to 37 million who own gold.

    This data underscores the rise of Bitcoin as a preferred store of value, reshaping traditional notions of economic security and reserve asset status.

    As Bitcoin ownership expands, it’s increasingly seen not just as a speculative instrument, but as a fundamental part of US financial infrastructure.

    US leads in global Bitcoin adoption and infrastructure

    The River report notes that the United States is the global leader in Bitcoin adoption, with 40 percent of all Bitcoin-related companies headquartered in the country.

    American firms also hold 94.8 percent of all Bitcoin owned by publicly traded companies worldwide, reflecting significant institutional backing.

    This dominance is supported by a robust ecosystem comprising crypto-focused startups, spot ETF launches, and policies promoting digital asset development.

    Regulatory momentum in Washington has further strengthened Bitcoin’s foundation in the financial system. Recent discussions around treating Bitcoin as a potential strategic reserve asset suggest growing political acceptance.

    Several politicians have floated the idea of the US government maintaining a Bitcoin reserve, signalling institutional confidence amid rising concerns over the US dollar’s long-term stability.

    Strategic demand rises amid economic uncertainty

    The shift toward Bitcoin is occurring alongside broader macroeconomic concerns. Moody’s recent downgrade of the US credit rating—ending over a century of top-tier ratings—has reinforced the appeal of decentralised alternatives.

    Investors increasingly view Bitcoin as a hedge against fiscal instability and inflation, particularly given its fixed supply and decentralised governance model.

    Bitcoin also offers practical advantages over gold in the digital age. The ease of storage, cross-border transfer, and liquidity make it an attractive option for both individual and institutional investors.

    This is particularly relevant in an era where digital finance is becoming the norm and where traditional safe-haven assets like gold face logistical and accessibility limitations.

    Rising ownership brings attention to volatility risks

    While Bitcoin is gaining legitimacy as a reserve asset, it remains a volatile asset class. Unlike gold, which has maintained relatively steady valuations over time, Bitcoin has experienced frequent price swings—something that may deter more risk-averse investors.

    Nonetheless, the market appears to be increasingly tolerant of this volatility, especially as long-term returns continue to outperform traditional assets.

    Institutional support also plays a key role in this shift. Major asset managers such as BlackRock are incorporating Bitcoin into their portfolios, further validating its status.

    Meanwhile, crypto ETFs and custodial services are helping to bridge the gap between traditional finance and the digital asset space, making it easier for Americans to gain exposure to Bitcoin without navigating complex self-custody solutions.

    As Bitcoin ownership grows, it reflects not just a shift in preference, but a broader transformation in how Americans perceive financial security and resilience.

    The trend is still developing, but the numbers now place Bitcoin squarely ahead of gold—at least in terms of how many Americans are betting on it.

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  • JP Morgan reports shows 13% of Americans are into crypto

    JP Morgan reports shows 13% of Americans are into crypto

    • JP Morgan has released a new report showing that more than 13% of the American population have transferred funds into crypto accounts.
    • The research sampled 5 million customers with checking accounts, 600,000 of whom had transferred money into a crypto account.
    • Most new investors first fund a crypto account during spikes for Bitcoin price, according to the report.

    Nearly 44 million Americans have ever transferred money into a crypto-related account, according to details shared in a new report by JP Morgan.

    In a report titled ‘The Dynamics and Demographics of US Household Crypto-Asset Use’, released on 13 December, the financial giant estimates that about 13% of the population has sent money to a crypto account. Per the bank’s data, involvement in crypto by the general population spiked during the COVID-19 pandemic, with more money finding its way into cryptocurrency investments as individuals’ personal savings also increased.

    The report covered close to 5 million active checking account users, more than 600,000 of whom were shown to have transferred funds to crypto accounts.

    Transfers to crypto accounts tripled between 2020 and 2022

    Cryptocurrency adoption across the United States has been steady, with other statistics suggesting similar adoption rates to what’s contained in this latest report.

    While JP Morgan says that only a tiny fraction of the US population was in crypto five years ago, its researchers found that the last three years have witnessed a huge jump in adoption. From the sample indicated, the banking giant estimated that crypto users in the US increased from a pre-pandemic population share of less than 3% to almost 15% by mid-2022.

    Of those to fund crypto accounts from their checking accounts, the research data shows a 300% spike. Cumulatively, only 3% of the population had transferred funds into a digital asset-related account prior to the pandemic. 

    That figure more than tripled in the last three years, with the trend seeing more than 43 million Americans, or 13% of the population funding crypto accounts.

    New investors increase when Bitcoin price spikes

    Another observation from the research is that funding of crypto accounts is that the transfers have largely come at a time when the price of Bitcoin is going up. Large volumes occur during bull markets or sharp rallies, with the trend going back to 2015, JP Morgan said.

    For most new users, the deposits span a few days and have coincided with the price of bitcoin seeing a trailing monthly change of +25%. It is this time that many people look to trade Bitcoin and other cryptocurrencies.

    Also observable is that most investors only make small transfers to their crypto accounts – less than a month’s pay. Indeed, the median transfer for the majority of investors is $620. Nonetheless, about 15% of individuals transfer more than a month’s worth of income. The share is even higher among high-income individuals.

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