Inflation Fears From ‘Big Beautiful Bill’ Could Boost Bitcoin – Expert
2025-07-02 18:42:59
Main Idea
The 'Big Beautiful Bill' could weaken the U.S. dollar and increase Bitcoin's appeal due to inflationary policies, but it may also introduce volatility.
Key Points
1. The 'Big Beautiful Bill' passed the U.S. Senate narrowly (51-50), with Vice President JD Vance casting the deciding vote.
2. The bill makes Trump’s 2017 tax cuts permanent and includes provisions for ICE to support mass deportations, while cutting social programs like Medicaid and SNAP.
3. Experts, including James Toledano, suggest the bill could weaken the dollar and make Bitcoin more volatile.
4. Bitcoin's price dropped below $106,000 during Senate proceedings despite a recent high near $107,800, indicating potential market volatility.
5. The bill is seen as a double-edged sword: inflationary policies may boost Bitcoin's appeal but also increase fiscal uncertainty and dollar weakness.
Description
An expert says the “Big Beautiful Bill” is likely to weaken the dollar and increase inflation — factors that could enhance bitcoin’s appeal as “digital gold.” Bill Exposes Divisions Among Republicans U.S. President Donald Trump’s “Big Beautiful Bill” is likely to weaken the dollar and stoke inflation, potentially boosting bitcoin’s appeal as “digital gold.” According
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