<ul data-eligibleForWebStory="false"><li>The recent bill failed to address concerns from lobbyists regarding airdrops, staking, and double taxation on miners, benefiting Bitcoin due to its scarcity and censorship resistance.</li><li>Factors like a $5 trillion debt ceiling increase leading to more Treasury issuance, inflation hedging, and the upcoming 2024 halving are fueling the demand for Bitcoin, pushing its price closer to all-time highs.</li><li>Despite the controversial bill benefiting the wealthy while making budget cuts, Bitcoin is seen as a safe haven asset outside the monetary blast radius, ideal for times of increased debt and inflation.</li><li>While the bill has been criticized for its implications, Washington is still considering regulatory frameworks and bills related to cryptocurrencies, indicating potential positive developments for Bitcoin in the future.</li></ul>

Washington Lit the Fuse — Why Now Is A Good Time to Buy Bitcoin

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