Since his return to the Oval Office, President Trump has doubled down on broad, supply-side measures—extending his landmark 2017 tax cuts, slashing the corporate rate to 21%, and introducing fresh deductions for specific income classes. Yet these moves come at a steep price: the Congressional Budget Office now estimates his “One Big Beautiful Bill” will swell federal deficits by roughly $3.4 trillion over the next decade, driving up debt service costs and risking higher long-term interest rates . Meanwhile, his ramped-up tariff regime—meant to shield American industry—could sap nearly 6% off long-run GDP and shave household real incomes by over $22,000 across a lifetime, per University of Pennsylvania projections . Such fiscal gambits may prop Wall Street in the short term, but Main Street faces the specter of slower growth, elevated inflation expectations, and volatile lending conditions.
On the digital-asset front, the Trump administration has embraced cryptocurrencies as a pillar of national strategy. In March 2025, an Executive Order established a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile—an unprecedented step positioning Bitcoin alongside oil and gold as a sovereign asset class . More recently, the bipartisan “GENIUS Act” granted the White House sweeping authority to oversee crypto markets, hailed by the President as cementing “American dominance” in digital finance . While this flurry of legislation signals official endorsement, it also raises red flags: intertwining political goals with speculative markets can amplify systemic risk and encourage herd-mentality bubbles.
As an expert adviser, I urge caution. Ballooning deficits and protectionist tariffs threaten to fuel cost-push inflation, eroding real wages and piling pressure on the Fed to tighten policy—risks that could unsettle both equities and crypto alike. In the digital-asset arena, regulatory frameworks remain fluid; what today is hailed as a “national priority” can swiftly reverse with political winds. Investors should temper enthusiasm with rigorous due diligence, diversify across uncorrelated assets, and maintain strict risk controls. Above all, beware the siren song of “America First” crypto hype—it may prove as transitory as any viral market frenzy.
