Recently, the U.S. has passed the so-called 'Big Beautiful Act', which centers on two things: tax cuts + reduced government spending. #大而美法案

On the tax cut front, the tax rate has been reduced from 35% to 21%, which is indeed a significant decrease, but for the cryptocurrency sector, the inflow of funds is very limited and does not count as a clear benefit.

As for reduced spending, during the Old Ma era, #DOGE the department started promoting this slogan, and in just three months, it cut 15 trillion (the figure is exaggerated but the meaning is clear). So how does Old Te plan to make up for the saved money?

Combining his governance logic, he may bring up 'high-end manufacturing returning to the U.S.' again. However, currently, several bills do not mention manufacturing, focusing mainly on tax cuts and reduced subsidies.

Therefore, I judge that Old Te is likely to initiate a trade war next, focusing on pressuring Japan, South Korea, and Europe, with the final target possibly still pointing at China. #美国加征关税

Once this game starts, tariff frictions will intensify, global market fluctuations will increase, and in the short term, it does not bode well for the cryptocurrency sector, which may continue to experience volatile conditions. To see a long-term bull market, we still need to observe the subsequent policy implementation.