$BTC

Bitcoin adoption would be driven by "deglobalization" and a new Trump bill

The adoption of bitcoin may benefit from ongoing global uncertainty until a trade agreement is finalized between the two largest economies in the world.

Institutional adoption of bitcoin is experiencing a new wave of corporate investments, which will benefit from greater global uncertainty before a trade agreement is finalized or a controversial spending bill is approved in the United States.

U.S. President Donald Trump is pushing the "One Big Beautiful Bill Act," which he claims would cut up to $1.6 trillion in federal spending.

"This big, beautiful bill will grow the economy like never before," Trump wrote in a post on Truth Social on Thursday. "We are putting our country on the right track, and more!".

The proposal comes amid ongoing efforts to finalize a trade agreement between the United States and China, which Trump said on Wednesday was "subject to final approval" from both governments.

Elon Musk criticized the spending bill in a post on June 5 on X, warning that it "would increase the deficit to $2.5 trillion".

A growing deficit in the United States could lead to an increase in the money supply through quantitative easing (QE), which refers to the purchase of bonds by central banks and the injection of money into the economy to encourage spending in stagnant economic conditions.

Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, has predicted that bitcoin could rise to $250,000 if the U.S. Federal Reserve opts for QE, due to rising inflationary pressures arising from trade tariffs.

According to Lucas Outumuro, vice president of institutional DeFi at Sentora (formerly IntoTheBlock), greater uncertainty related to tariffs could benefit the growing valuation of bitcoin.