$BTC second report on COINTELEGRAPH that informs:
Adoption of Bitcoin boosted by 'deglobalization' and Trump's 'big beautiful bill'
The adoption of Bitcoin may benefit from ongoing global uncertainty until a trade agreement between the two largest economies in the world is finalized.
The institutional adoption of Bitcoin is undergoing a new wave of corporate investments, which tend to benefit from the growing global uncertainty until a trade agreement between the two largest economies in the world is finalized or a controversial U.S. spending bill is approved.
The President of the United States, Donald Trump, is promoting the "One Big Beautiful Bill Act," which he claims could cut up to $1.6 trillion in federal spending.
"The big beautiful bill will make the economy grow like never before," Trump wrote in a post on Truth Social on Thursday. "It puts our country on the right track, with bonuses!"
The proposal comes amid ongoing efforts to finalize a trade agreement between the United States and China, which Trump said on Wednesday is "subject to final approval" by both governments.
