July 4, 2025

In the House of Representatives, it passed with a vote of 215:214, in the Senate it was 51:50, and after the House accepted the Senate's amended version with a final vote of 218:214, the Trump administration's "Great Beautiful Act" will officially take effect after Trump's signature. The main contents include several items: an additional $150 billion defense budget, $70 billion allocated for immigration and border maintenance expenses, continued tax cuts, the repeal of most green energy subsidies (hence the falling out with Musk), and finally a significant increase in the federal government's debt ceiling to $400-500 billion.

After the "Great Beautiful Act" takes effect, the following years will provide the Trump administration with ample opportunity to perform, while also fulfilling some of Trump's campaign promises. There is no doubt that the growth of U.S. federal government debt will accelerate, and several large financial budgets will inject substantial funds into the market, which in some ways is favorable for the stock market and cryptocurrency sectors. However, for fiat currency holders, with the continuous rise in federal government debt in the future, inflation is inevitable.

I wonder if everyone has noticed that after companies like MicroStrategy and Tether, other companies have begun to follow suit by choosing to buy Bitcoin as a strategic reserve. In a sense, this is actually a prototype of the future Web3 world, just like different regional governments previously purchased gold as strategic reserves. Now, it is different companies or consortiums buying Bitcoin. Isn't this also a relatively decentralized way of distributing wealth?

Regarding the market, Bitcoin has reached the pressure level of $110,000 again. According to my previous judgment, the probability of a breakthrough with this slow rise is not high, so it may be another attempt destined to fail. However, as some say, perhaps this is the story of the boy who cried wolf; each time it slowly approaches the pressure level and starts to retract, who knows which time it will break through. Rationally speaking, the probability is not high, but emotionally, I hope this time is the version where the wolf truly comes.

Thank you for your attention and likes.