Key factors:
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Bitcoin gained 38% when US President Trump signed a significant spending invoice in late 2020.
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Doing so once more would put BTC/USD at $150,000 as Trump prepares to signal his “Huge Lovely Invoice” into legislation.
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International liquidity developments proceed to favor BTC value upside, however Bitcoin could peak first.
Bitcoin (BTC) may acquire practically 40% after US President Donald Trump indicators his “Huge Lovely Invoice” on Independence Day.
Crypto market members are eyeing swift BTC value positive aspects as Trump’s “huge” spending invoice turns into actuality.
”Huge Lovely Invoice” sparks COVID-19 bull market comparisons
Bitcoin has traditionally reacted extraordinarily positively to indicators that US borrowing will improve. Trump’s “Huge Lovely Invoice” could also be no exception, as estimates see US nationwide debt exploding to $40 trillion in 2025.
“To place this into perspective, in the beginning of 2020, complete US debt stood at $23.2 trillion. This could mark a close to $17 TRILLION improve in 6 years,” buying and selling useful resource The Kobeissi Letter wrote in a part of a latest evaluation on the subject.
“By no means in historical past has the US borrowed even remotely close to the degrees we’re borrowing now. It is a disaster.”
LIVE: With the Huge Lovely Invoice passing, nationwide debt is forecasted to succeed in $40 TRILLION this yr
No finish in sight pic.twitter.com/9ZAWDIPGJt
— Kalshi (@Kalshi) July 3, 2025
Kobeissi referenced odds from prediction service Kalshi, which offered the $40 trillion determine.
Up to now, nonetheless, Bitcoin has loved the added danger that growing the US debt mountain implies.
As famous by crypto X commentators, together with the YouTube account Crypto Rover, when Trump signed a COVID-19 spending invoice in late 2020, BTC/USD subsequently gained 38% in a matter of weeks.
If the identical value motion had been to observe the Huge Lovely Invoice, Bitcoin would find yourself passing $150,000.
Bitcoin follows the cash
As Cointelegraph continues to report, bullish BTC value bets are additionally being fueled by an increasing international M2 cash provide.
Associated: Bitcoin because of copy S&P 500 to hit new all-time excessive in July: Forecast
A transparent correlation has been evident all through Bitcoin’s historical past, with BTC/USD following M2 each up and down with a slight delay.
Unpopular #BTC opinion
International M2 will proceed to climb after Bitcoin has peaked in its Bull Market$BTC #Crypto #Bitcoin
— Rekt Capital (@rektcapital) June 16, 2025
This month, dealer and analyst Rekt Capital acknowledged that M2 can proceed rising even after Bitcoin sees a bull market blow-off high.
On Thursday, international M2 hit a brand new all-time excessive of greater than $55.4 trillion.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.
