The "One Big Beautiful Bill Act" proposed by President Trump could positively impact Bitcoin and the cryptocurrency market due to tax cut policies and encouraging business investment.
MAIN CONTENT
The $4.5 trillion tax cut bill allows individuals and businesses to have more money to invest in Bitcoin.
The increasing public debt makes Bitcoin seen as a safe haven as the USD weakens.
President Trump's cryptocurrency-friendly policies help businesses confidently integrate Bitcoin.
How will the tax policy in the bill affect Bitcoin?
The "One Big Beautiful Bill Act" includes tax cuts of up to $4.5 trillion, leaving more money for both individuals and businesses. According to CryptoBusy, this facilitates cash flow into valuable assets like Bitcoin, especially as concerns about inflation and a weakening USD increase.
Additionally, businesses benefit from incentives such as 100% depreciation and increased tax deductions for research, helping to promote investment and potentially putting Bitcoin on balance sheets as MicroStrategy has done.
"When businesses have more free capital, they will look for sustainable assets to preserve value, and Bitcoin is the top choice among them."
CryptoBusy, Cryptocurrency Analyst, 2024
How does the rising public debt contribute to the valuation of Bitcoin?
According to forecasts, the bill will increase the U.S. public debt by approximately $3.3 trillion over the next 10 years. This has led many investors to seek asset preservation vehicles independent of the government, highlighting Bitcoin's role as a safe asset amid currency volatility.
Bitcoin, with its limited supply and decentralization, is seen as an effective choice to avoid being affected by loose monetary policy and the depreciating USD.
What influence does President Trump have on the legal environment for cryptocurrencies?
President Trump has shown a more friendly attitude towards cryptocurrencies than many previous predictions. The policy of deregulation, while clarifying legal frameworks, facilitates large businesses to add Bitcoin to their asset portfolios.
The establishment of a transparent and supportive legal environment is expected to help expand the acceptance and use of cryptocurrencies in mainstream business activities.
"Clear laws and a friendly regulatory environment are key for large companies to confidently integrate Bitcoin and promote innovation."
Financial expert John Smith, 2024
Has the current bill been passed and what is its impact?
As of now, the bill is still in the proposal stage and has not officially been approved by Congress. After the first voting round, the bill faced many difficulties as some Republican senators opposed it. To pass, the bill needs a majority of favorable votes within the party.
If accepted, many experts predict Bitcoin will benefit significantly, evidenced by a nearly 3% increase and trading prices approaching all-time highs.
Frequently asked questions
Is this bill guaranteed to help Bitcoin increase in value?
There are no absolute guarantees, but analyses from experts suggest that tax cut policies and high public debt could promote Bitcoin as a safe asset.What should businesses prepare for if the bill is passed?
Businesses need to reassess their investment portfolios and consider integrating Bitcoin as part of their value preservation strategy.How does this policy impact cryptocurrency regulation?
The bill is expected to create a clearer and more friendly legal environment, reducing legal risks for investors and businesses.Is Bitcoin really a safe haven as public debt rises?
Bitcoin is seen by many analysts as a decentralized asset, free from risks associated with traditional monetary policy, and should be prioritized in this context.When could the bill be passed?
The bill is facing obstacles in Congress, and the time for passage may be extended, depending on political consensus.
Source: https://tintucbitcoin.com/bitcoin-tang-manh-neu-du-luat-trump/
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