Today in crypto, Trump announces possible $2,000 tariff ‘dividend’ for Americans, Robert Kiyosaki predicts Bitcoin will reach $250,000 and gold $27,000 by 2026. Meanwhile, a crypto analyst mulls over altcoin season approaching.
Trump announces possible $2,000 tariff ‘dividend’
United States President Donald Trump announced on Sunday that most Americans will receive a $2,000 “dividend” from revenues collected from tariffs, which are currently undergoing legal review by the US Supreme Court.
Trump maintained that the Executive Branch has the right to impose tariffs on other countries and floated the possible dividend in a Truth Social post:
“We are taking in trillions of dollars and will soon begin paying down our enormous debt — $37 trillion. Record Investment in the USA, plants and factories going up all over the place. A dividend of at least $2000 a person, not including high-income people, will be paid to everyone.”
Several market analysts celebrated the move as positive for crypto prices, as economic stimulus and capital injections tend to flow into asset markets, but others warned of the long-term negative impact of payouts on the US dollar and consumer purchasing power.
Robert Kiyosaki says he’s buying, targets $250K Bitcoin and $27K gold
Rich Dad Poor Dad author Robert Kiyosaki has doubled down on his bullish outlook for hard assets, saying he’s buying more gold, silver, Bitcoin and Ethereum even as markets brace for a potential crash.
In a post shared on X on Sunday, Kiyosaki warned of an impending economic downturn but said he’s preparing for it by accumulating assets he calls “real money.”
“Crash coming: Why I am buying, not selling,” he wrote, setting ambitious targets of $27,000 for gold, $100 for silver and $250,000 for Bitcoin (BTC) by 2026.
Kiyosaki said his gold projection came from economist Jim Rickards, while his $250,000 Bitcoin target aligns with his long-held view of BTC as protection against the Federal Reserve’s “fake money.”
Altcoin season signals hide in ‘many weeks’ of bearish BTC dominance: Analyst
The recent volatility in Bitcoin’s dominance could be a signal that altcoin season is approaching sooner than many traders expect, according to a crypto analyst.
“The reason why you should have confidence in the altcoin price action is because the BTC Dominance chart looks bearish and has looked bearish for many weeks,” crypto analyst Matthew Hyland said in an X post on Friday.
“The downtrend is favorable to continue; therefore, this relief rally has been a dead cat bounce in a downtrend,” Hyland said. In a separate video on Saturday, Hyland said that the recent volatility in Bitcoin’s price may have been orchestrated by traditional finance giants.
“Over the past month, I’ve kind of just maintained the view that a lot of this was really just manipulation, essentially for Wall Street to set themselves up,” he claimed.
