Washington Lit the Fuse — Why Now Is A Good Time to Buy Bitcoin
The post Washington Lit the Fuse — Why Now Is A Good Time to Buy Bitcoin appeared on BitcoinEthereumNews.com. Capitol Hill pulled an all-nighter on July 3, ramming through Donald Trump’s “One Big Beautiful Bill Act” by a razor-thin 218-214 House vote. The president signed the package — a $5 trillion expansion of the federal borrowing limit wrapped in eye-watering tax cuts — on Independence Day, teeing up the most radical shift in U.S. fiscal policy since LBJ. Lobbyists for the “number-go-up” crowd had prayed for friendly language on airdrops, staking, and that annoying double tax on miners. Senator Cynthia Lummis even tried a hail-Mary amendment to stop miners being taxed twice (block reward and sale). All of it died on the cutting-room floor. Why Bitcoin still wins Here’s the kicker: the bill’s very awfulness is still rocket fuel for scarce, censorship-resistant assets such as Bitcoin. Debt spiral economics – A $5 trillion bump to the debt ceiling all but guarantees more Treasury issuance. History says politicians won’t match that with spending cuts; they’ll print. Debasement is bullish for hard-capped assets: there will never be more than 21 million BTC. Inflation hedging déjà vu – Gold and oil spiked within hours of the vote; Bitcoin tagged $109,000 and change. Nigel Green of deVere notes investors are “running for anything that can’t be printed.” 2024 halving tailwind – Supply growth has already been cut to ~0.8% a year. Add ETF inflows, corporate balance-sheet FOMO, and now a fiscal free-for-all: the demand/supply mismatch looks cartoonish. Put bluntly, it is likely that now is a good time to buy Bitcoin, because macro policy just told you it doesn’t care about the dollar’s purchasing power. In fact, Bitcoin quietly moved up on Sunday night to above $109,000. It’s just a 3% move away from a new Bitcoin all time high. So the long-awaited Bitcoin price predictions that suggested $200,000 was a realistic target…
The post Washington Lit the Fuse — Why Now Is A Good Time to Buy Bitcoin appeared on BitcoinEthereumNews.com.
Capitol Hill pulled an all-nighter on July 3, ramming through Donald Trump’s “One Big Beautiful Bill Act” by a razor-thin 218-214 House vote. The president signed the package — a $5 trillion expansion of the federal borrowing limit wrapped in eye-watering tax cuts — on Independence Day, teeing up the most radical shift in U.S. fiscal policy since LBJ. Lobbyists for the “number-go-up” crowd had prayed for friendly language on airdrops, staking, and that annoying double tax on miners. Senator Cynthia Lummis even tried a hail-Mary amendment to stop miners being taxed twice (block reward and sale). All of it died on the cutting-room floor. Why Bitcoin still wins Here’s the kicker: the bill’s very awfulness is still rocket fuel for scarce, censorship-resistant assets such as Bitcoin. Debt spiral economics – A $5 trillion bump to the debt ceiling all but guarantees more Treasury issuance. History says politicians won’t match that with spending cuts; they’ll print. Debasement is bullish for hard-capped assets: there will never be more than 21 million BTC. Inflation hedging déjà vu – Gold and oil spiked within hours of the vote; Bitcoin tagged $109,000 and change. Nigel Green of deVere notes investors are “running for anything that can’t be printed.” 2024 halving tailwind – Supply growth has already been cut to ~0.8% a year. Add ETF inflows, corporate balance-sheet FOMO, and now a fiscal free-for-all: the demand/supply mismatch looks cartoonish. Put bluntly, it is likely that now is a good time to buy Bitcoin, because macro policy just told you it doesn’t care about the dollar’s purchasing power. In fact, Bitcoin quietly moved up on Sunday night to above $109,000. It’s just a 3% move away from a new Bitcoin all time high. So the long-awaited Bitcoin price predictions that suggested $200,000 was a realistic target…
What's Your Reaction?
