#OneBigBeautifulBill
The Impact of the One Big Beautiful Bill on the Cryptocurrency Sector:
Although the law does not directly mention cryptocurrencies, its economic, tax, and financial provisions have strong indirect effects on the crypto market (analysis):
Potential Benefits for the Cryptocurrency Sector:
1. Tax Reduction on Income.
• Crypto investors (individuals) will benefit from the reduced tax brackets when converting profits from digital currencies to cash.
• Startup owners in crypto (DeFi-NFT) benefit from a 20% deduction for small businesses.
2. Stimulating Local Investment
• The law encourages investment in assets and may create a favorable climate for tech projects, including blockchain companies.
• Lowering general taxes on capital gains enhances risk appetite in the markets, especially among youth and speculators.
3. Erosion of Trust in Traditional Monetary Policies
• Due to the increase in the national fiscal deficit ($2.4 trillion over 10 years), concerns about inflation may rise, and the confidence of some Americans in the dollar may decline.
• This pushes some towards Bitcoin and digital assets as a hedge against inflation and deficit.