The One Big Beautiful Bill Act (OBBBA) passed by a narrow margin. What impact will it have on the crypto market? Let's start with the conclusion: Positive for cryptocurrencies Reasons are as follows 👇 ⚠️ The main purpose of the One Big Beautiful Bill Act is to increase the US debt ceiling -> leading to a decline in market confidence in the US dollar -> capital fleeing from the US dollar -> moving to other risk assets -> Positive for Bitcoin & crypto assets ⚠️ Trump began extensive reforms in tax and government spending after taking office, with the "One Big Beautiful Bill Act (OBBBA)" being the most critical bill. 📜 @MorePerfectUS also mentioned in a tweet that the bill reduces multiple aspects: 1️⃣ Debt ceiling: Raised to $5 trillion 2️⃣ Tax reform: Permanently increasing certain tax deductions and credit limits 3️⃣ Healthcare reform: Tightening Medicaid eligibility, millions will lose insurance 4️⃣ Immigration policy: Adding $70 billion budget, annual deportation limit of 1 million people 5️⃣ Defense budget: Increasing by approximately $150 billion 6️⃣ Energy policy: Significantly cutting clean energy subsidies from the Biden era (one of the factors Musk complained about) On July 1st, @realDonaldTrump stated he was willing to postpone the final passage of the "One Big Beautiful Bill Act" and would not be "too crazy" in cutting expenses During the intense voting process, Trump and Musk once again engaged in a battle on X 👇 Trump and Musk split again! Will the One Big Beautiful Bill Act affect the crypto market!?

💔 @realDonaldTrump and @elonmusk broke up again. What did the young couple quarrel about this time? Musk sent two explosive tweets on July 1, accusing Trump: 💥 What's the point of Doge saving $160 billion when the bill increases the debt ceiling by $5 trillion? It's a complete mockery of our efforts. 💥 The purpose of the spending bill is to cancel the execution of the federal court's contempt order. The bill is ostensibly aimed at illegal immigrants, but in fact it allows the president to abuse more power. @realDonaldTrump also immediately responded to @elonmusk: 💥 "@Tesla's government subsidies may set a historical record. If you didn't have these subsidies, you should have collected them long ago and prepared to go back to South Africa!" In addition to the love-hate relationship between the two young couples, Treasury Secretary @SecScottBessent mentioned in an interview: "If the tax bill passes, we may have a surplus," disagreeing with Musk's statement that the bill will increase the deficit. It seems that this "Sichuan-Ma love" will not end for the time being. Let's review this initial entanglement together!

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