Former President Donald Trump has signed what he called a âbig, beautiful billâ thatâs already sending shockwaves through global markets. The legislation raises the U.S. debt ceiling by an eye-watering $5 trillion, introduces sweeping tax cuts for corporations and individuals, and enforces deep spending cuts across federal programs.
Economists are split on the long-term impact. Supporters argue the tax cuts will spur economic growth and investment, while critics warn the aggressive borrowing could trigger inflation and weaken the U.S. dollar. As investors weigh these risks, Bitcoin and other cryptocurrencies have surged amid growing concerns about fiat currency stability.
Historically, moves like these have driven capital into alternative assets. With the U.S. balance sheet ballooning, many see Bitcoin$BTC
as a safe haven against potential currency devaluation. Traders and institutions alike are watching closely for the next breakout.
đ Could this be the catalyst for Bitcoinâs next bull run? Or will traditional markets absorb the shock?
đŹ Whatâs your take? Will crypto benefit from Trumpâs economic gamble? Tell us in the comments!