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Here is Why Trump’s New Debt Bill Could Be Bad News for Bitcoin

  • President Trump signing the new economic bill could lead to a temporary drop in Bitcoin's price, according to predictions by experts.
  • The bill includes tax cuts and a higher debt ceiling, potentially causing the U.S. Treasury to borrow heavily, which might affect liquidity in risk assets like Bitcoin.
  • Despite the short-term pressure, experts believe that the bull cycle for Bitcoin remains intact, and the cryptocurrency is expected to continue its upward trend.
  • There is a growing connection between cryptocurrency and U.S. fiscal policy, with stablecoins potentially becoming tools for managing national debt, a trend that might shift control to regulated financial institutions.

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