😱🔥🚀 Bitcoin price can hit $150K in weeks thanks to Trump's 'Big Beautiful Bill'
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Bitcoin gained 38% when US President Trump signed a major spending bill in late 2020.
• Doing so again would put BTCUSD at $150,000 as Trump prepares to sign his "Big Beautiful Bill" into law.
Global liquidity trends continue to favor BTC price upside, but Bitcoin may peak first.
Bitcoin BTCUSD could gain nearly 40% after US President Donald Trump signs his "Big Beautiful Bill" on Independence Day.
Crypto market participants are eyeing swift BTC price gains as Trump's "massive" spending bill becomes reality.
"Big Beautiful Bill" sparks COVID-19 bull market comparisons
"To put this into perspective, at the start of 2020, total US debt stood at $23.2 trillion. This would mark a near $17 TRILLION increase in 6 years," trading resource The Kobeissi Letter wrote in part of a recent analysis on the topic.
"Never in history has the US borrowed even remotely near the levels we are borrowing now. This is a crisis."
Kobeissi referenced odds from prediction service Kalshi, which provided the $40 trillion figure.
As noted by crypto X commentators, including YouTube account Crypto Rover, when Trump signed a COVID-19 spending bill in late 2020, BTCUSD subsequently gained 38% in a matter of weeks.
If the same price action were to follow the Big Beautiful Bill, Bitcoin would end up passing $150,000.
Bitcoin follows the money
As it continues to report, bullish BTC price bets are also being fueled by an expanding global M2 money supply.
This month, popular trader and analyst Rekt Capital acknowledged that M2 can continue rising even after Bitcoin sees a bull market blow-off top.
On July 3, global M2 hit a new all-time high of more than $55.4 trillion.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.