#OneBigBeautifulBill One Big, Beautiful Bill Could Send Bitcoin Soaring š
A huge $5 trillion debt limit increase is up for a vote in the U.S. this week. While some see it as bad for the dollar, it could be a massive boost for crypto. Hereās what you need to know:
1ļøā£ Whatās Happening?
Between July 3ā4, Congress votes on Trumpās āGreat American Bill.ā If it passes, it will unleash record government spending.
2ļøā£ Whatās in the Bill?
Major tax cuts for corporations
Incentives for small businesses
Plans to kickstart strong economic growth
Debt will surge, but so will cash flow, GDP, and asset prices.
3ļøā£ Why This Helps Crypto
This could create the most bullish environment since 2020:
ā Trillions in new spending
ā Expected rate cuts
ā Big investors moving into crypto
4ļøā£ Labor Market Weakness
ADP payrolls dropped by 33,000 (expectations were +100,000)
Job openings rose by 400,000
The economy grows, but fewer jobs are neededāespecially with AI taking over.
5ļøā£ Rate Cuts Are Coming
The Fed may cut rates soon to support growth without calling it a recession. Looser money and more liquidity are great for Bitcoin.
6ļøā£ Odds of July Rate Cut: 76%
Put that together with $5 trillion in stimulus, and you have the perfect setup for risk assets to rally.
7ļøā£ History Repeats
This looks a lot like March 2020 when Bitcoin began its biggest bull run. But this time, thereās no pandemicājust an election year with every reason to push markets higher.