Key Points:
Bitcoin rose 38% when U.S. President Trump signed a significant spending bill at the end of 2020.
If this happens again, when Trump is ready to sign his "Big Beautiful Bill" into law, BTC/USD could reach $150,000.
Global liquidity trends continue to favor an increase in BTC prices, but Bitcoin may peak first.
Bitcoin could rise nearly 40% after U.S. President Trump signs his "Big Beautiful Bill" following Independence Day.
As Trump's "massive" spending bill becomes a reality, crypto market participants are watching for a rapid increase in BTC prices.
Historically, Bitcoin has reacted very positively to signals of increased U.S. borrowing. Donald Trump's "Big Beautiful Bill" may be no exception, as U.S. national debt is projected to soar to $40 trillion by 2025.
"To better understand this, at the beginning of 2020, the total U.S. debt was $23.2 trillion. This will increase by nearly $17 trillion in six years," trading resource The Kobeissi Letter wrote in a recent analysis. "Historically, the U.S. has never borrowed anywhere near the levels we are currently borrowing. This is a crisis."
LIVE: With the Big Beautiful Bill passing, national debt is forecasted to reach $40 TRILLION this year. No end in sight pic.twitter.com/9ZAWDIPGJt
Kobeissi cited the probability from forecasting service Kalshi, which provided the $40 trillion figure.
However, in the past, Bitcoin has enjoyed the additional risks brought by the rising U.S. debt mountain.
As crypto commentators, including YouTube account Crypto Rover, pointed out, when Trump signed the COVID-19 spending bill at the end of 2020, BTC/USD rose 38% within weeks.
If a similar price trend occurs after the "Big Beautiful Bill," Bitcoin could exceed $150,000.
As Cointelegraph continues to report, bullish BTC price bets are also driven by the global expansion of M2 money supply.
Throughout Bitcoin's history, there has been a noticeable correlation between BTC/USD and M2, fluctuating slightly with a delay.
Unpopular #BTC opinion: Global M2 will continue to climb after Bitcoin has peaked in its Bull Market. $BTC #Crypto #Bitcoin
This month, well-known trader and analyst Rekt Capital acknowledged that M2 may continue to rise even after Bitcoin experiences its bull market peak.
On July 3, global M2 reached a new high of over $55.4 trillion.
Related: U.S. Senator Cynthia Lummis drafts independent crypto tax legislation.
Original article: “Thanks to Trump’s ‘Big Beautiful Bill,’ Bitcoin (BTC) Could Hit $150K in Weeks”
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