$BTC
RECORD BUDGET DEFICIT – BITCOIN RESPONDS STRONGLY
The current situation is no longer normal. Bitcoin is continuously rising, hitting new peaks amid high interest rates, the US dollar dropping 11% in 6 months, and over 1 trillion USD has flowed into the crypto market in just the last 3 months.
Since the US House of Representatives passed President Trump's "Big and Beautiful Bill" on July 3rd, the price of Bitcoin has increased by more than 15,000 USD. This is not a random reaction but a sign that the market is reflecting profound systemic risks.
Despite the initial reaction from Elon Musk, the market quickly recognized a reality: the budget deficit in the US is becoming a serious and uncontrollable issue.
The Kobeissi Letter calls this a "crisis regime." Gold is rising. Bitcoin is rising. The dollar is falling. And risky assets like technology stocks continue to rise, but not due to economic strength, rather because of concerns about currency devaluation and fiscal mismanagement.
From 2012 to now, the S&P 500 has lost 99.98% of its value when converted to Bitcoin. Specifically in 2025, this index has decreased by 15% in terms of Bitcoin. Bitcoin is not just increasing in price, but is also asserting its superior position compared to all traditional asset classes.
Major financial institutions are also getting involved. The IBIT ETF has reached 76 billion USD in assets under management in less than a year, a figure that the largest gold fund took more than 15 years to achieve. Family investment funds, hedge funds, and even conservative institutions are gradually allocating into Bitcoin, even if only starting with 1%.
This is no longer a temporary speculative wave.