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Essential highlights:
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Bitcoin surged 38% when US President Trump enacted a significant spending bill in late 2020.
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Repeating this scenario could see BTC/USD reach $150,000 as Trump gets ready to authorize his “Big Beautiful Bill.”
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Worldwide liquidity patterns remain advantageous for BTC price growth, though Bitcoin could peak initially.
Bitcoin (BTC) might experience an increase nearing 40% after US President Donald Trump endorses his “Big Beautiful Bill” on Independence Day.
Participants in the crypto market are anticipating rapid BTC price increases as Trump’s “enormous” spending legislation transitions to reality.
”Big Beautiful Bill” ignites comparisons to COVID-19 bull market
Bitcoin has traditionally responded exceedingly well to indications that US borrowing will escalate. Donald Trump’s “Big Beautiful Bill” could also fit this pattern, as projections suggest US national debt could balloon to $40 trillion by 2025.
“For context, at the start of 2020, the total US debt was $23.2 trillion. This would signify an increase of nearly $17 TRILLION over 6 years,” trading resource The Kobeissi Letter noted in part of a recent assessment of the matter.
“Never in history has the US borrowed anywhere close to the scales we are witnessing now. This is a crisis.”
LIVE: With the Big Beautiful Bill moving forward, national debt is projected to hit $40 TRILLION this year
No sight of an end pic.twitter.com/9ZAWDIPGJt
— Kalshi (@Kalshi) July 3, 2025
Kobeissi cited probabilities from prediction platform Kalshi, which reported the $40 trillion projection.
Historically, Bitcoin has benefitted from the heightened risk that comes with adding to the US debt burden.
As highlighted by crypto analysts, including YouTube channel Crypto Rover, when Trump approved a COVID-19 spending bill in late 2020, BTC/USD subsequently soared by 38% in just a few weeks.
Should the same price behavior follow the Big Beautiful Bill, Bitcoin could ascend beyond $150,000.
Bitcoin follows the funds
As Cointelegraph continues to discuss, optimistic BTC price expectations are further supported by a growing global M2 money supply.
Related: Bitcoin set to mirror S&P 500 and reach a new all-time high in July: Forecast
A clear relationship has been observed throughout Bitcoin’s timeline, with BTC/USD tracking M2 both upwards and downwards with a minor lag.
Unpopular #BTC sentiment
Global M2 will keep escalating even after Bitcoin has reached its Bull Market peak $BTC #Crypto #Bitcoin
— Rekt Capital (@rektcapital) June 16, 2025
This month, well-known trader and analyst Rekt Capital recognized that M2 could continue to rise even after Bitcoin experiences a bull market peak.
On July 3, global M2 achieved a new all-time high exceeding $55.4 trillion.
This article does not offer investment guidance or suggestions. All investments and trading actions carry risk, and readers should perform their own due diligence prior to making any decisions.
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