#BTC110KToday? The use of bitcoin is about to skyrocket due to inflation fears from the regulation that raises U.S. debt. U.S. debt could surge, driving bitcoin as a safe haven.

The 5% tax on remittances from the regulation would accelerate the use of BTC for global transfers.

The U.S. Senate approved late Saturday night, June 28, the massive budget bill of President Donald Trump called "great and beautiful bill" or One Big, Beautiful Bill. This is a measure that threatens to add trillions of dollars to the nation's deficit and, indirectly, fuels the flames of the bitcoin (BTC) market whose price surpassed 108 thousand dollars per unit today.

The legislation advanced after overcoming a key procedural hurdle in a tight 51-49 vote, bringing the country closer to a fiscal reality that could devalue the dollar and catapult digital assets as the main safe haven. Some critics, such as Elon Musk, have labeled the bill an "abomination" for its excessive spending and implicit regulation. This is because it signals a radical shift in how the federal government approaches digital infrastructure, AI governance, and national cybersecurity. Together, these actions are redefining the line between public sector accountability and centralized federal control in the tech ecosystem.

After all, the advancement of the bill was not unanimous. Two Republicans, Thom Tillis and Rand Paul, joined the Democrats to vote against it. Tillis decried the cuts to Medicaid, which according to the Congressional Budget Office would leave 12 million people uninsured, while Paul criticized the unchecked increase in spending. And now Musk has again criticized the law, labeling it as "crazy and destructive."