Trump's "Beautiful Dollar" bill basically means: the government is going to print money and borrow money like crazy again!
Why is this good for Bitcoin? The reason is super simple:
The more money is printed, the less it's worth
→ The 100 bucks in your hand might only be worth what 90 bucks can buy in the future (this is called inflation).
→ There will only be 21 million Bitcoins in total, no fakes can be printed (limited supply), the more aggressively money is printed, the more "rare" and valuable it becomes!
Government debt is like a snowball, getting bigger and bigger, and it looks precarious
→ Everyone is afraid that the US will owe too much money and can't pay it back, leading to a decline in the dollar's credibility (just like when you keep borrowing money and never pay it back, eventually no one will trust you)
→ At this time, Bitcoin, which is "not controlled by any government," becomes very desirable, like gold, it can serve as a hedge
Big shots are all shouting: "Buy Bitcoin as a hedge!"
The CEO of Coinbase said: If we don't manage the debt, Bitcoin is going to replace the dollar as the top currency!
Bitcoin loyalist Max Keiser is even more extreme: this bill is about "printing money until death," and Bitcoin could rise to 2.2 million dollars!
Tesla has been named: hurry up and buy more Bitcoin to guard against dollar depreciation!
In summary:
Trump's bill → Government spending + debt explosion → The dollar might become increasingly "watered down" → Everyone panics and needs to find "hard assets" to preserve value → Bitcoin (limited supply, inflation-resistant, not controlled by the government) becomes very desirable → More people buying → Prices soar!
The more aggressively the government prints money, the more Bitcoin looks like a "lifesaver," and it's hard not to rise!##币安钱包TGE ##我的COS交易