Bitcoin Price Surge Predicted After 'Big Beautiful Bill'

Bitcoin (BTC) is poised for a significant price increase following the signing of the "Big Beautiful Bill," a massive spending bill. Market analysts are drawing parallels to late 2020, when a similar bill led to a 38% surge in BTC price. This time, a similar move could push BTC/USD to $150,000.

Historical Precedent and Rising Debt

Historically, Bitcoin has shown a positive correlation with increased US borrowing. The "Big Beautiful Bill" is projected to significantly increase the national debt, potentially reaching $40 trillion by 2025. This unprecedented level of borrowing has prompted concerns about a potential crisis, but it also historically correlated with previous Bitcoin price rallies. In late 2020, the passing of a COVID-19 spending bill under President Trump's administration saw a rapid 38% increase in the Bitcoin price. This precedent fuels speculation about a similar price reaction to the latest bill.

The Kobeissi Letter, a trading resource, highlights the unprecedented scale of this borrowing, emphasizing that the US has never borrowed at such levels before.

Global Liquidity and Bitcoin's Price

The expanding global M2 money supply further supports bullish Bitcoin price predictions. A strong correlation exists between the growth of the M2 money supply and Bitcoin's price, although Bitcoin's peak might precede further M2 expansion. On July 3rd, global M2 reached an all-time high of over $55.4 trillion.

Cautionary Note

While the historical correlation and current market conditions suggest a potential price surge, it's crucial to remember that the cryptocurrency market is inherently volatile. Past performance is not indicative of future results. This analysis does not constitute investment advice.

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