President Donald Trump’s new initiative to finance direct payments to American households through tariff revenues could increase economic liquidity, thereby supporting a new bull run in Bitcoin (BTC).
There have been similar stimulus packages in the past, according to digital asset management firm Hashdex. has favored the performance of so-called “risk assets”«.
The company, the publisher of the DEFI Bitcoin ETF, recalled that President Trump raised the idea of a Bitcoin ETF. Refund check financed by customs duties. “This is a policy that has the potential to inject significant liquidity into the economy,” the group said.
Similarly, the company highlighted that the last time similar measures were implemented was in 2020 during the pandemic, “when the flow of stimulus finally supported risk assets, including the digital currency ecosystem.”
Hashdex highlighted that market trends from previous cycles show a clear relationship between liquidity and performance.
History has shown that the digital asset ecosystem often reacts strongly when liquidity increases, even when sentiment is weak or the market faces sector-specific headwinds.
Investment management company Hashdex.
In his analysis of the 2020-2022 phase, he added that Bitcoin “recovered from the decline and hit new all-time highs as liquidity entered the system.” This can be seen in the following graph.
The company also mentioned the current situation Presenting a more favorable situation than in past cycles. He said, “Tokenization and stablecoins are gaining momentum as institutional adoption accelerates and regulatory transparency improves.”
If the historical pattern repeats, HashDex concludes that “additional liquidity could catalyze the final leg to new highs.”
President Trump’s refund check
Hopes for a new stimulus package stem from a series of recent statements by President Trump and members of his economic team.
On Sunday, Nov. 23, National Economic Council Director Kevin Hassett said Americans with tip and overtime income “have already received the President’s proposed $2,000 rebate checks.”
Trump originally proposed the plan at Truth Social in early November, proposing payments of $2,000 per person. In fact, the president reiterated his intentions last week: Payments will be made in mid-to-late 2026.
“We’ve got hundreds of millions of dollars in tariffs, and we’re going to give out thousands of dollars in dividends to middle-income and middle-income people at a later date,” Trump told reporters at the White House.
If the tariff payment is finalized, it could add another support factor to Bitcoin prices amid still cautious sentiment. In the case of Hashdex, BTC could get back on track if liquidity expands again. Towards the final stage of the rise towards a new historic high.
