🇺🇸 Trump’s $3.3T ‘Big Beautiful Bill’ Could Ignite Bitcoin
koinmilyoner
Updated at: 7 hours ago
{"content":"🇺🇸 Trump’s $3.3T ‘Big Beautiful Bill’ Could Ignite Bitcoin Surge — $120K Target in Sight by Month-End!
Bitcoin's quick rise past $110,000 last week shows that the economy is doing well overall.
Ryan Lee, the head analyst of Bitget Research, said that President Trump's tax reform is a big reason why Bitcoin's price has gone up.
Bitcoin might reach $120,000 by the end of July if the money supply grows, US stocks do well, and the government spends a lot of money.
Bitcoin (BTC) is holding steady around $108,000 on Tuesday after a short but powerful advance last week that broke through barrier at approximately $110,527. Even while the biggest cryptocurrency by market capitalization is trading close to all-time highs, the total market activity and trading volume are still low.
The slowdown might be blamed on a lack of interest from retailers and concern about what will happen with the US's tariff strategy. Starting on August 1, President Donald Trump put additional tariffs on 14 nations.
The One Big Beautiful Bill Act (OBBBA), which President Trump signed on July 4, has rapidly become the spotlight, even if the economy is still unclear. The K33 Research study, which comes out every Tuesday, says that the measure would bring about big changes to the tax code that may add $3 to $4 trillion to the federal debt.
Experts who have looked at the OBBBA think it may be good for Bitcoin. Ryan Lee, the chief analyst of Bitget Research, says that macroeconomic factors might push the price of BTC up to $120,000 by the end of July. This is because US stocks are doing well, the money supply could expand, and fiscal policy is becoming more flexible.
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