#大而美法案

The passage of the Big and Beautiful Act may have profound effects on the cryptocurrency market. Due to the expectation of a significant increase in the U.S. government deficit, this may undermine market confidence in the U.S. dollar, prompting funds to flow into cryptocurrencies like Bitcoin, further enhancing its status as a global store of value. Core Contents of the Bill

The Big and Beautiful Act (OBBBA) is a massive tax and spending bill pushed by the Trump administration in 2025, covering multiple areas, including tax reform and defense budget.

It is expected that between 2025 and 2034, the bill will reduce federal tax revenue by approximately $3.3 trillion and increase defense spending by about $150 billion.

The passage of the bill may lead to an additional deficit of about $5 trillion for the U.S. government, which will affect market confidence in the dollar and U.S. Treasury bonds.

Impact on Cryptocurrency

Changes in capital flows: As foreign capital reduces its holdings of U.S. Treasury bonds, funds may flow into assets like Bitcoin and gold, further enhancing Bitcoin's status.

Impact of tax policies: The tax reduction policies and fiscal stimulus measures in the bill create a more relaxed macro environment for the cryptocurrency market, encouraging investors to hold digital assets long-term.

Adjustment of regulatory policies: Legislative amendments related to crypto assets may be included in the bill, which will provide specific regulations for subdivided areas such as mining and staking, reflecting the government's supportive attitude towards the crypto industry.

Market Response

Since the proposal of the bill, market dynamics show a continuous increase in demand for Bitcoin, with a large outflow of BTC from exchanges, indicating a long-term bullish sentiment towards Bitcoin in the market.

With the implementation of the bill, the cryptocurrency market may receive more capital injections, further consolidating the U.S. position as a global cryptocurrency center.

Conclusion

The passage of the Big and Beautiful Act has not only sparked widespread political and social controversy within the United States but may also have profound effects on the cryptocurrency market, changing capital flows and market structure.