In a move that many analysts considered crazy, Trump has proceeded with a bill called One Big Beautiful Bill, which raised the U.S. debt ceiling by $5 trillion all at once. This figure is historic and not trivial, causing people to worry more about inflation that is already biting into the U.S. economy, as well as the dollar's strength, which is under significant pressure.
What caught the attention of market followers is that although this law did not mention cryptocurrencies directly, many believe it will strengthen the idea that cryptocurrencies like Bitcoin have become a hedge against excessive money printing and limitless debt. In simpler terms, when the dollar loses part of its value, people look for something that preserves their purchasing power, making Bitcoin and stablecoins a logical choice.
However, on the other hand, some see this step as increasing uncertainty and fear in the market, potentially leading to violent fluctuations in cryptocurrency prices, which could cause many investors to hesitate in injecting new money.
This situation is a double-edged sword; it could be an opportunity for broader adoption of cryptocurrencies, or it might make the market more tense.
