Analysts warn investors to 'buckle up' as Trump sends Bitcoin price soaring
Trump's latest move has caused a Bitcoin spike
Much of the last year has been a very good time to be a Bitcoin investor, and a new move from US President Donald Trump has caused further price increases, causing analysts to warn investors to 'buckle up'.
Bitcoin owners couldn't quite believe what they were seeing late last year as Donald Trump's US election success saw the most popular cryptocurrency soar in price, reaching the fabled $100,000 mark for the first time in its history.
Much of this was down to Trump's own enthusiasm towards Bitcoin and crypto as a whole, especially as his return to the Oval Office also saw a number of other 'meme coins' surge in price, including the president's very own token.
However, despite a dip that came as a result of impending bankruptcy and debt crisis fears, Bitcoin has jumped up once again after a shocking new announcement from President Trump, causing people to predict that history will repeat itself again.
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As reported by Forbes, Bitcoin had dropped down below $100,000 for the first time in months in the past week despite reaching highs of around $125,000 in October, yet was quick to return to regularly scheduled programming after Trump made an unexpected announcement on social media.
Posting to his Truth Social account, Trump outlined: "People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country In The World, With Almost No Inflation, and A Record Stock Market Price.
"401k's are Highest EVER. 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."
Whether you believe it or not, Trump's direct address towards the debt issue might have calmed some fears held by investors, but the key piece of information here is the announcement of a new 'stimulus check' of $2,000-per-person, and that could supercharge the crypto industry.
Many might remember that the previous Trump dividend given out during the COVID-19 pandemic caused a major spike for Bitcoin, as many decided to invest their newfound fortune into crypto, and there's a good chance that the same will happen again.
Analysts from The Kobeissi Letter certainly seem to agree, as they posted on X that "Rate Cuts + Record Highs + AI + Stimulus Checks" will result in a major Bitcoin boost, warning people to "buckle up" as a result.
As a result, the markets have reacted favorably towards Bitcoin, causing the price to rise once more above the $100,000 mark, and that could only increase when the money is given out by the government and people can actually invest.
Of course, the whirlwind nature and unpredictability of Trump's second term has left some speculating that this new stimulus might never come to fruition – especially as its mentioned in the same breath as the nation's 'enormous debt' – but that hasn't stopped people from attaching a rocket to Bitcoin's back.