CoinVoice has recently learned that the latest report from 10x Research indicates that the recent all-time high of Bitcoin is not driven by market speculation, but rather stems from deeper macroeconomic changes. The U.S. $5 trillion debt ceiling increase, massive deficit spending, and the upcoming cryptocurrency policy report from the Trump task force are collectively reshaping the macro landscape.

The report suggests that Bitcoin has transformed into a macro asset that hedges against unchecked fiscal spending, fundamentally changing its narrative logic. The FOMC meetings on July 22 and 30 may serve as key catalysts for redefining Bitcoin's role in the financial system. Data shows that seasonal factors in July, a surge in bullish options buying, and a wave of short liquidations have collectively driven this round of increases. [Original link]