🚀 Bitcoin Bulls Roar as Trump’s ‘Big Beautiful Bill’ Smashes Through Senate Approval

Washington just handed crypto hodlers an early Christmas present—wrapped in populist flair and signed with a Sharpie.

The Regulatory Dam Breaks

The Senate greenlit Trump’s controversial crypto bill, sending BTC prices vertical within minutes. No more ‘shadowy super-coder’ rhetoric—this legislation effectively mainstreams digital assets while letting politicians take credit for ‘taming the Wild West.’

Wall Street’s Cold Sweat Moment

Goldman analysts reportedly spilled their oat milk lattes scrambling to update custody solutions. Meanwhile, DeFi degens are already memeing the bill’s loopholes—because nothing unites crypto like exploiting regulatory gray areas.

One hedge fund manager (who definitely didn’t short BTC last week) grumbled: ‘This legitimizes their casino.’ To which we say: Welcome to the table, sir. The house always wins—but now it’s a *regulated* house.

Why Bitcoin Bulls Can Still Rejoice

Still, macro-sensitive investors zeroed in on two provisions with clear implications for the sector: First, there’s 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.

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.

Bitcoin initially slipped 1.4 percent to $105,800, retracing part of Tuesday’s record monthly close NEAR $107,200 before stabilising just above $106,000.

The short-lived dip drew astonishment from long-time analyst Vijay Boyapati, who wrote on X, “Bitcoin 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.”

Other voices focused on fiscal risk: dVick called the bill “another nail in the dollar’s coffin,” adding: “The devaluation has been accellerated. If you’re not in Bitcoin, and don’t get in soon, I expect those are decisions you’ll soon regret.”

Balaji Srinivasan, former chief technology officer of Coinbase, added: “The US is broke. The real debt is $175T+. And @elonmusk is 100% correct on the numbers. But the difficult step is the logical conclusion. There is no fix. It’s a writeoff. A national bankruptcy. And the default will be in the FORM of money printing.”

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’s 2020-21 run. In Boyapati’s words, “the money printer” may not be at full throttle yet, but the gears just started whirring.

At press time, BTC traded at $106,454.