ConsumerConfidence

According to PANews, consumer confidence in the United States experienced a significant decline in March, with inflation expectations rising sharply. This downturn is attributed to concerns over U.S. President Donald Trump's comprehensive tariff policies, which are feared to increase prices and weaken the economy. The tariffs have sparked a trade war, further unsettling financial markets and leading to a stock market sell-off, contributing to the current negative sentiment.

The University of Michigan reported on Friday that the consumer confidence index fell from a final reading of 64.7 in February to 57.9 in March. This drop has erased all gains made since Trump won the presidential election in November last year. Consumers' 12-month inflation expectations surged from 4.3% in February to 4.9% in March. Over the next five years, consumers anticipate an inflation rate of 3.9%.

The impact of tariffs and the escalation of the trade war have disrupted financial markets, causing a decline in stock market performance and contributing to the month's gloomy sentiment. A poll revealed that 57% of respondents believe Trump's efforts to revitalize the economy are too unstable, citing significant cuts in government spending and mass layoffs of federal employees. Additionally, 53% of those surveyed think the tariff war does more harm than good.

Get ready, crypto enthusiasts! A new report suggests Bitcoin (BTC) could be on the verge of a massive price surge, potentially climbing by nearly 40%! The catalyst? U.S. President Donald Trump's anticipated signing of the "Big Beautiful Bill" into law on Independence Day.
This isn't just speculation. Historical data reveals a compelling trend: Bitcoin has shown a strong positive reaction to increased U.S. borrowing. Remember late 2020, when Trump signed the COVID-19 spending bill? Bitcoin shot up by 38% in mere weeks. If history repeats itself, we could see Bitcoin soaring past the $150,000 mark!
The Debt Tsunami: A Crisis or an Opportunity for Bitcoin?
The sheer scale of this upcoming spending bill is underscored by the projected explosion in U.S. national debt. It's expected to hit an eye-watering $40 trillion by the end of 2025 – a monumental leap from $23.2 trillion in early 2020. Analysts like The Kobeissi Letter are calling this an unprecedented crisis, highlighting the historical significance of such borrowing levels. Prediction service Kalshi also echoes the $40 trillion figure, emphasizing the widespread anticipation of this financial shift.
But what does this mean for Bitcoin? In times of significant government spending and rising national debt, some investors view cryptocurrencies like Bitcoin as a hedge against inflation and a store of value.
Global Liquidity Fuels the Bitcoin Rocket
Beyond the U.S. spending bill, broader global liquidity trends are also setting the stage for Bitcoin's continued growth. The expanding global M2 money supply has a clear, historically proven correlation with Bitcoin's price movements, with BTC/USD often following M2 trends with a slight delay.
As of July 3rd, the global M2 money supply reached a staggering new all-time high of over $55.4 trillion! This influx of liquidity is a major bullish signal for Bitcoin. Experts like Rekt Capital even suggest that M2 could continue to climb even after Bitcoin reaches its bull market peak.
The Bottom Line: While the potential for Bitcoin to reach new heights is exciting, remember that investing in cryptocurrencies always carries inherent risks. Always conduct thorough research and consider your financial situation before making any investment decisions.
What are your thoughts on the "Big Beautiful Bill" and its potential impact on Bitcoin? Share your predictions in the comments below!
#BTC #ConsumerConfidence