Market analysts are predicting that Bitcoin and the broader cryptocurrency sector could see significant benefits from a potential Donald Trump bill, dubbed the “Big Beautiful Bill.” This forecast is based on Bitcoin's historical performance following the passage of major spending bills, such as one signed in late 2020 that led to a 38% surge in BTC's price within weeks.
Trump's stance on cryptocurrency has evolved significantly. While in 2019 he stated he was “not a fan of Bitcoin and other Cryptocurrencies,” his 2024 campaign adopted a distinctly pro-crypto platform. His decisive election victory prompted a wave of optimism in the digital-asset industry, sending Bitcoin to new highs. He has pledged to make America the “crypto capital of the world.”
The hypothetical “Big Beautiful Bill” is expected to contain measures that could indirectly benefit Bitcoin. Analysts point out that massive tax cuts and an increase in the national debt could place downward pressure on the U.S. dollar and spark inflation. These macroeconomic conditions traditionally strengthen Bitcoin's narrative as “digital gold” and a hedge against fiat currency devaluation. Furthermore, the increase in disposable income from tax relief may fuel retail investment in the crypto market.
Beyond the bill, the Trump administration has already signaled a friendlier regulatory approach. An executive order signed on January 23, 2025, sets a policy to “support the responsible growth and use of digital assets.” Proposals include creating a clear regulatory framework, opposing the creation of a Central Bank Digital Currency (CBDC), and supporting U.S.-based Bitcoin mining. Additionally, Trump issued an executive order to establish a Strategic Bitcoin Reserve, to be capitalized with forfeited bitcoin. Although the “Big Beautiful Bill” passed without specific crypto tax provisions, general optimism remains. Analysts believe the combination of a crypto-friendly administration and the favorable macroeconomic conditions the bill could create positions Bitcoin for a potentially bullish trajectory.