What impact does the American 'Big and Beautiful' Act have on the cryptocurrency market? To discuss this topic, we first need to understand the contents of the Big and Beautiful Act. In general, most of it is related to economic stimulus (only relevant items are listed):

1. Reducing the tax burden on individuals and businesses

2. Increasing spending on national defense, infrastructure, and manufacturing

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

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

In other words, these items represent exchanging dollar credit for national economic growth. If economic growth can cover the high-interest costs of borrowing, this revolving system can continue, and America will be great again. If economic growth falls short of expectations, this act could push the U.S. into a deep abyss.

In the short term, these actions are all economic stimulants, creating a positive outlook for the future economy. This is also the reason why the Nasdaq reached new highs ahead of time. For the cryptocurrency market, whether the economic stimulus drives the Nasdaq higher or the dollar becomes worthless, Bitcoin has only one path, which is to continue rising.

Although there were rumors in the evening of whale movements involving 80,000 coins and the trade war reigniting, Bitcoin still oscillated around 108,000, just 4,000 dollars away from its historical high, ready for a surge and breakthrough at any moment. Regarding Bitcoin's performance in July and August, the optimist remains bullish. The stablecoin bill + the Big and Beautiful Act + expectations for stablecoins from the University of Tokyo + purchasing restrictions on gold from the University of Tokyo + expectations for Fed monetary easing are all laying the groundwork for the trends in July and August. Now is not the time to worry; let’s keep playing the music and dancing~