Trump’s ‘One Big Beautiful Bill’ – Will It Pump or Dump Bitcoin in 2025?

Washington's latest political circus drops a new act: Trump's sweeping financial bill hits the floor. Crypto markets brace for impact.

Bullish or bearish? The fine print could rewrite Bitcoin's playbook.

Here's what really matters for your stack:

• Regulatory Landmines: Does this bill accidentally mine Satoshi's vision?

• Liquidity Tsunami: Wall Street's about to get a firehose of fresh capital – where's it flowing?

• The Inflation Hedge Paradox: When 'beautiful' legislation meets ugly money printing.

One hedge fund manager yawns: 'Another day, another politician pretending to understand monetary policy.'

Bill’s Depreciation Incentives Attract Miners

The bill’s return of 100% bonus depreciation is another underreported aspect Santiment flagged as potentially bullish for bitcoin mining. This is because it allows firms to immediately write off mining equipment purchases. Such a move is expected to incentivize rapid ASIC deployment and potentially increase Bitcoin’s hash rate.

Historically, higher hash rates align with bullish cycles, particularly during monetary expansion. As such, the report noted that if looser fiscal policy intersects with rising M2 supply, crypto assets may see upward momentum.

Despite market optimism, Santiment highlighted disappointment following the failure to include Senator Cynthia Lummis’ proposed amendment. The amendment aimed to address staking, mining, and microtransaction tax complications, an omission many in the industry had pushed for over the weekend.

Overall, the social sentiment is still skewed bullish. Traders are mostly anticipating potential indirect benefits to crypto investments as tax cuts on overtime and tips put more disposable income into circulation.

Certain others, however, remained cautious as the bill’s deep spending cuts to healthcare and green energy have triggered market anxieties, which even led to tensions between TRUMP and Tesla CEO Elon Musk. The latter had publicly criticized the bill and hinted at political realignment.

When tracking the social reactions to this conflict, Santiment found a slight dip in Bitcoin prices mirroring Tesla’s decline. This reflected the continued correlation between Tesla stock movements and crypto market reactions during significant political events.

Additionally, Dogecoin entered the narrative as traders referenced Musk’s previous humorous support through the so-called DOGE department. His current remarks warned that the bill could damage future-focused companies, further adding to volatility in sentiment.

“Sell the Rumor, Buy the News” Patterns Emerge

The social metric analysis suggests that while the Senate’s passage of the bill has not yet translated into significant price rallies for Bitcoin or major altcoins, the crowd mood has shifted toward cautious optimism, which is consistent with “sell the rumor, buy the news” behavior often seen in crypto markets.

The ongoing legislative process is expected to influence crypto market sentiment depending on how political negotiations evolve, particularly around the potential impact on fiscal spending, Treasury markets, and Federal Reserve liquidity actions.

While direct crypto wins were absent in the Senate version, the broader implications of consumer liquidity, policy volatility, and fiscal-monetary interactions will remain critical watchpoints for traders seeking to position around the “Big Beautiful Bill” narrative in the coming weeks.