{"id":34769,"date":"2025-07-02T11:01:32","date_gmt":"2025-07-02T11:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34769"},"modified":"2025-07-02T11:01:32","modified_gmt":"2025-07-02T11:01:32","slug":"bitcoin-bulls-rejoice-trumps-big-beautiful-bill-clears-senate","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34769","title":{"rendered":"Bitcoin Bulls Rejoice: Trump\u2019s \u2018Big Beautiful Bill\u2019 Clears Senate"},"content":{"rendered":"
\n

Bitcoin-market watchers woke to political fireworks as the United States Senate approved President Donald Trump\u2019s multitrillion-dollar tax-and-spending package, the \u201cOne Big Beautiful Bill Act,\u201d with Vice-President J.D. Vance casting the tie-breaking vote to seal a 51\u201350 victory. Only three Republicans\u2014Susan Collins of Maine, Rand Paul of Kentucky and Thom Tillis of North Carolina\u2014joined Democrats in opposition. The measure now returns to a narrowly divided House, where fiscal-hawk conservatives have vowed to reopen fights over the bill\u2019s $3-trillion deficit impact and Medicaid cuts.<\/p>\n

Within minutes of the gavel, crypto-focused social analytics platforms lit up. Santiment reported<\/a> a surge in references to the words \u201cbig,\u201d \u201cbeautiful,\u201d and \u201cbill,\u201d dwarfing bearish keywords by a factor of three, an unusual imbalance that historically coincides with short-term upside in digital-asset prices. \u201cTraders are making mainly bullish proclamations after this next step has been checked off the list,\u201d analyst Brian Q wrote in a note published barely an hour after the vote.<\/p>\n

The Senate text contains no direct regulatory relief for digital assets. Senator Cynthia Lummis<\/a>\u2019 amendment \u2014 which would have deferred tax on staking and mining rewards until sale and exempted sub-$300 retail payments \u2014 never reached the floor. \u201cWe lost on getting the Bitcoin & crypto tax amendment in BBB. It sucks. This is one of the top sets of issues we\u2019ve been advocating for\u2026 maybe we get it in a new bill or we take another swing in next years budget\u2026 but we\u2019ll get it done,\u201d BTC Inc. CEO David Bailey wrote<\/a> via X.<\/p>\n

Why Bitcoin Bulls Can Still Rejoice<\/h2>\n

Still, macro-sensitive investors zeroed in on two provisions with clear implications for the sector: First, there\u2019s the reinstatement of 100 percent bonus depreciation. Firms may now expense the full cost of new hardware in year one rather than amortizing it. For a mining operator acquiring $10 million in ASIC rigs, the immediate write-off cuts the effective after-tax cost by roughly one-third, sharpening incentives to deploy capital quickly and pushing projected network hashrate higher.<\/p>\n

Second, the permanent elimination of federal taxes on tips and overtime pay. While politically framed as middle-class relief, the provision amounts to an estimated $280 billion of disposable income over ten years, according to the Washington Post, potentially supporting risk-asset allocation at the retail margin.<\/p>\n

Bitcoin initially slipped 1.4 percent to $105,800, retracing part of Tuesday\u2019s record monthly close near $107,200 before stabilising just above $106,000.<\/p>\n

The short-lived dip drew astonishment from long-time analyst Vijay Boyapati, who wrote on X, \u201cBitcoin falling on the BBB passing the Senate is perhaps the most irrational market reaction since the Bitcoin Covid crash to $3,000, just as the money printer went into overdrive in 2020.\u201d<\/p>\n

Other voices focused on fiscal risk: dVick called the bill \u201canother nail in the dollar\u2019s coffin,\u201d adding: \u201cThe devaluation has been accellerated. If you\u2019re not in Bitcoin, and don\u2019t get in soon, I expect those are decisions you\u2019ll soon regret.\u201d<\/p>\n

Balaji Srinivasan, former chief technology officer of Coinbase, added: \u201cThe US is broke. The real debt<\/a> is $175T+. And @elonmusk is 100% correct on the numbers. But the difficult step is the logical conclusion. There is no fix. It\u2019s a writeoff. A national bankruptcy. And the default will be in the form of money printing<\/a>.\u201d<\/p>\n

For Bitcoin and crypto participants, the Senate vote is less an endpoint than a macro signal. Should the final package survive intact, the combination of fresh consumer cash, generous capital-investment write-offs and a potentially more accommodative Fed would replicate many of the monetary conditions that powered Bitcoin\u2019s 2020-21 run. In Boyapati\u2019s words, \u201cthe money printer\u201d may not be at full throttle yet, but the gears just started whirring.<\/p>\n

At press time, BTC traded at $106,454.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin-market watchers woke to political fireworks as the United States Senate approved President Donald Trump\u2019s multitrillion-dollar tax-and-spending package, the \u201cOne Big Beautiful Bill Act,\u201d with Vice-President J.D. Vance casting the tie-breaking vote to seal a 51\u201350 victory. Only three Republicans\u2014Susan Collins of Maine, Rand Paul of Kentucky and Thom Tillis of North Carolina\u2014joined Democrats in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34769","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34769"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34769\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}