What impact does the U.S. 'Great and Beautiful' Act have on the cryptocurrency sector? To discuss this topic, we first need to understand the contents of the Great and Beautiful Act. In general, most of it is related to stimulating the economy (only relevant items are listed):

1. Reducing personal and corporate tax burdens

2. Increasing defense, infrastructure, and manufacturing spending

3. Government debt will increase by $3.8 trillion over the next ten years

4. Eliminating subsidies for new energy sources like solar energy (which may directly cut Tesla's annual profit in half, the reason for Musk's outrage)

In other words, these items mean exchanging dollar credit for national economic growth. If economic growth can cover the high interest from borrowing, this loop system can continue to roll forward, and America will be great again. If economic growth falls short of expectations, this act could push the U.S. into an abyss.

In the short term, these actions are all aimed at stimulating the economy, creating positive expectations for the future of the economy. This is also the reason why Nasdaq reached a new high in advance. For the cryptocurrency sector, whether the economic stimulus pushes Nasdaq higher or the dollar becomes worthless, Bitcoin only has one path forward: to keep rising.

Although rumors circulated in the evening about a giant whale with 80,000 coins showing wallet movements, and trade wars reigniting, Bitcoin still fluctuated around $108,000, only $4,000 away from its historical high, ready for a breakthrough at any time. Regarding Bitcoin's performance in July and August, the optimist remains optimistic. The stablecoin bill + Great and Beautiful Act + expectations for Eastern stablecoins + restrictions on Eastern gold purchases + expectations of Federal Reserve easing are all laying the groundwork for the trends in July and August. It's not time to worry yet; let's keep playing music and dancing~