The long -awaited alternative season, a bull market phase characterized by alternative cryptocurrencies (Altcoins) that Eclipsan Bitcoins It could happen soon, with President Donald Trump considering giving American citizens “tariff dividends” in a movement that can cause more risky financial behavior among beneficiaries.
“They are starting to invest,” Trump said on the rates in an interview with One America News Network cited by the New York Post, “but ultimately, your tariffs will be more than one billion dollars a year.”
Trump said his main objective is to use income to reduce federal debt. He also said that he can distribute some of the funds to Americans as reimbursements of up to $ 2,000, in what he described as “dividend for the people of America.”
The possible dividend, together with the interest rate cuts of the expected Federal Reserve, can relieve the budget limitations of the home, stimulating a greater tendency to take financial risks and possibly boost investments in Altcoins, which have been left behind the largest cryptocurrencies this year.
The Coindesk 20 index of the largest cryptocurrencies has risen 48% in 2025, almost seven times more than the Coindesk 80 index of the closest tokens.
The tendency to increase risk taking was described in a 2023 research work by Marco Di Maggio at Harvard Kennedy school. He found that the most relaxed limitations of home budget through stimulus payments increased cryptographic investment. The document added that the strictest future budgetary limitations due to higher expected inflation also increased cryptographic investment, according to coverage reasons.
There is also a precedent.
Altcoins experienced a dramatic increase in 2020-21 when the government issued stimulus checks to support homes during the Coronavirus pandemic. These unexpected gifts were greatly channeled to the encryption market, which caused frantic trade in the Altcoins market. The Bitcoin domain rate, or its participation in the total limit of the cryptography market, collapsed 39% of 73% in six months until May 2021.
“In 2020, Crypto’s institutional rails were barely in their place: without ETF spot, fragmented custody, regulatory ambiguity,” Jasper de Maerere wrote, an OTC desktop strategist in the leading market manufacturer of Wintermute, in a LinkedIn post. “Rallies led by retail trade fed by stimulus controls and [ultra high-net worth individual] The cash, 80-90% of retail flows allowed fast waterfalls from the elderly to the altcoins. “
It remains to be seen if the possible tariff dividend for the American people has a similar impact to expand the bull career of the cryptography market.
Crypto market gain this year (Total Market Cap is approximately $ 4 billion versus $ 3.4 billion at the end of 2024) is largely led by Bitcoin and other important tokens, such as ETH, Sun, BNB and XRP.
An Alt -Coins Rosa has failed to maintain the rhythm is that the interest rates of the United States are now high above 4%, unlike 2020, when they set out at zero, which promoted a performance search in all corners of the financial market.
Another reason is the total production market capitalization in itself much larger, which has limited indiscriminate demonstrations in the broader market.
“The highest rates and much larger market capitalization make the indiscriminate manifestations of much less probable altcoins,” said De Maere. Any next Altse season will be more selective and disciplined, driven by genuine utility instead of a speculative exaggeration, which requires a rigorous analysis to separate the real world traction from vapareware. ”
