President Trump's proposed bill could significantly increase the US debt, leading to inflation and a looming debt crisis. Bitcoin, held in self-custody, can serve as a hedge against this crisis. The bill, if passed, would add over $2.4 trillion to the existing debt of almost $37 trillion. Despite claims that tax cuts would stimulate the economy, past experiences show they only increased the federal deficit. With the US economy already engulfed in budget deficits and debt, the future looks uncertain. As deficits are projected to remain high, the only growth expected is nominal. In such a scenario, Bitcoin's fixed supply and independence from government policies make it an attractive option to safeguard against financial repression and currency devaluation. However, in a crisis, self-custody is crucial as custodial risks are high. With the possibility of the bill becoming law and a debt crisis looming, hard assets in self-custody, like Bitcoin, will be essential. Read more AI-generated news on: https://app.chaingpt.org/news

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