$BTC > Bitcoin 109 thousand dollars!
From interesting news: the US Senate approved an ambitious tax package from the Republicans - Big Beautiful Bill (BBB). Now it's the House of Representatives' turn.
The debt ceiling will have to be raised again, otherwise a default will occur. This already entails risks of a crisis of confidence in the markets.
📦 What the upcoming law carries:
• Preservation of benefits for wealthy citizens and corporations
• Tax cuts for businesses and the middle class
• Increased defense spending
• Reduction of social programs: insurance could be denied to up to 12 million people
• No concessions for crypto - all promises have been cut
• As a result, the law will increase the national debt by $3.3 trillion over 10 years
Tax incentives will support consumer demand, while increased spending will stimulate the economy, which plays to the advantage of crypto. In the long term, rising inflation and pressure on the dollar will increase interest in gold and other safe-haven assets. But crypto is still outside priorities - not a single concession has been adopted. Regulatory uncertainty still remains.