Recent analysis suggests a strong correlation between the US fiscal expansion policy and the ongoing Bitcoin (BTC) rally. Nansen analyst Nicolai Sondergaard, in an interview with The Block, highlighted the "favorable environment" created for Bitcoin due to this policy. The analyst pointed to the recent $3.3 trillion budget bill, suggesting it unlocks "large-scale fiscal expansion and additional currency supply." This injection of capital into the economy raises concerns about potential dollar devaluation. Bitcoin, with its decentralized and limited-supply nature, is increasingly viewed as a hedge against traditional currency inflation. As the US government implements its fiscal expansion policies, investors are seemingly turning to Bitcoin as a store of value, driving its price upward. The long-term effects of this policy on Bitcoin's price remain to be seen, but the initial reaction suggests a strong, positive correlation. ```

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