Ballooning Deficit Creates Bullish Backdrop for Gold, Bitcoin — Kobeissi
Main Idea
The U.S. tariff revenue surged by over 300% in July, reaching a record $29.6 billion, while the deficit widened to $291 billion, creating a favorable environment for alternative assets like gold and Bitcoin.
Key Points
1. U.S. tariff revenue increased by over 300% in July, totaling $29.6 billion, with projections to raise $350 billion annually.
2. The U.S. deficit expanded by $47 billion in July, reaching $291 billion.
3. Gold and Bitcoin have seen significant gains in 2025, rising approximately 24% and 30% year-to-date, respectively.
4. The combination of sustained tariffs, elevated deficit spending, and rising rate cut expectations is seen as a bullish backdrop for gold and Bitcoin.
Description
In July, U.S. tariff revenue soared over 300% to a record $29.6 billion, bringing the total raised since March to over $100 billion. Record Tariff Revenue vs. Widening Deficit In a stunning fiscal surge, U.S. tariff revenue skyrocketed by over 300% in July alone, reaching an unprecedented $29.6 billion in a single month. The record-breaking
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