The Senate's decision is awaited for the bill that Trump called "big and beautiful." The bill also indirectly concerns cryptocurrency investors.
This bill, referred to as the tax bill, drew a harsh reaction from Elon Musk. Elon Musk called the bill "an outrageous disgrace."
Continuing his strong statements today, Elon Musk says that the bill Congress wants to pass is "debt slavery for the American people."
If the bill becomes law; the U.S. Government will have obtained a budget of up to $5 trillion. There will be an influx of cash into the market. Some link the recent rises in the markets to this bill. If the bill is approved; rises may also occur in $BTC and altcoins. We might see new ATHs in Bitcoin.
However; there are also those who react strongly to the bill. If the bill is not approved by the U.S. Senate, the markets may experience a decline. Elon Musk says that if this bill becomes law, the budget deficit will rise to $2.5 trillion.
It is evident that this is a very important bill, and we will continue to follow its details. It is hard to predict whether this bill, which divides the U.S., will be approved or not. Trump will do everything he can to get it approved.
#Bitcoin #Altcoins #ElonMusk #Trump