#UpdateAlert 🇺🇸💸 Big Beautiful Bill — How Will a New Law Affect the Markets?
At the 4th of July, the "One Big Beautiful Bill Act" was signed into law by President Trump. Advice to read the full text.
Why do I think this is bullish for most of stocks and mainly for crypto?
1. The increase of debt ceiling has always had a positive impact on the crypto and namely on BTC. The best example is Fiscal Responsibility Act that was signed back in June 5, 2023. This act increased the debt ceiling for +$4.7 billion, after that Bitcoin surged upwards from $25,000 to $75,000 in ~half a year. Similar outcome can be expected now too.
2. Market perceives U.S. fiscal loosening as inflationary and dollar-weakening, making Bitcoin (as a decentralized and limited-supply asset) more attractive.
3. Large deficits often force future monetary easing or Fed bond buying to absorb debt. Lower interest rates and more liquidity are historically bullish for risk assets, including crypto.$BTC