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Is President Trump's "One Big Beautiful Bill Act" Pushing Bitcoin to All-Time Highs?
The proposed legislation has possible implications for America's fiscal deficit and debt load, and Bitcoin's price action speaks volumes.
Tax cuts have consistently been a cornerstone of Donald Trump's political agenda. His first administration helped pass the Tax Cuts and Jobs Act, often referred to as the Trump tax cuts. Now, he is pushing for Congress to pass the One Big Beautiful Bill Act.
Thus far, the House of Representatives has passed the bill, which now awaits a Senate vote, which could be tight. Interestingly, Bitcoin (CRYPTO: BTC) has surged to new all-time highs while this all plays out.
Is Bitcoin's hot momentum a coincidence or something investors should pursue?
