{"id":55103,"date":"2025-06-30T03:23:59","date_gmt":"2025-06-30T03:23:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rises-above-107k-as-trumps-fiscal-policy-comments-boost-hard-assets\/"},"modified":"2025-06-30T03:23:59","modified_gmt":"2025-06-30T03:23:59","slug":"bitcoin-rises-above-107k-as-trumps-fiscal-policy-comments-boost-hard-assets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rises-above-107k-as-trumps-fiscal-policy-comments-boost-hard-assets\/","title":{"rendered":"Bitcoin rises above $107K as Trump&#8217;s fiscal policy comments boost hard assets"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/bitcoin-btc-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/bitcoin-btc-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/bitcoin-btc-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/bitcoin-btc-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin traded above $107K Sunday as focus turned to U.S. fiscal policy and Trump\u2019s \u201cBig Beautiful Bill.\u201d<\/li>\n<li>Trump urged \u201ccost cutting Republicans\u201d not to \u201cgo too crazy,\u201d promising growth will \u201cmake it all up.\u201d<\/li>\n<li>Expectations of sustained deficits and loose fiscal policy are bolstering the bull case for hard assets like BTC and gold.<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Bitcoin traded steadily above the $107,000 mark on Sunday, with market attention increasingly focused on fiscal policy tensions brewing in Washington. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A recent social media post from President Donald Trump, aimed at quelling dissent within his own party over a massive tax-and-spending package, has inadvertently bolstered the bullish case for assets like Bitcoin and gold, which are often seen as hedges against fiscal profligacy.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The latest market movements come as Bitcoin was changing hands at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Price action remained volatile, with the cryptocurrency fluctuating between $107,194 and $108,489 during that window, according to CoinDesk Research\u2019s technical analysis model.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The focus shifted to US fiscal policy following a pointed message from President Trump on his Truth Social platform on June 29, 2025. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Addressing Republican lawmakers amid a fierce internal debate over his sweeping legislative package, Trump wrote: <\/span><\/p>\n<blockquote>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don\u2019t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before.<\/span><\/p>\n<\/blockquote>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This statement lays bare the deep divisions within the Republican party as it struggles to unify behind the ambitious legislation, which has been dubbed the \u201cOne Big Beautiful Bill.\u201d<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The bill itself, exceeding 900 pages, is a complex mix of fiscal measures. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">It combines approximately $3.8 trillion in tax cuts with targeted spending reductions and increased funding for defense and border security. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A key component is the aim to make permanent many of the tax breaks from Trump\u2019s 2017 Tax Cuts and Jobs Act, including the elimination of taxes on tips, overtime pay, and certain auto loans. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The child tax credit would also rise to $2,200 under the Senate version, while deductions for seniors would be temporarily increased. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">To offset the cost of these tax cuts, however, Republicans have proposed significant cuts to Medicaid and nutrition programs, a move that has sparked intense debate within the party.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Navigating a political tightrope<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The path to passing the bill is fraught with political challenges. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Moderate Republicans, particularly those from high-tax states, are pushing for a higher cap on state and local tax (SALT) deductions. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">In contrast, conservative factions are demanding deeper and more extensive spending cuts, with a particular focus on Medicaid. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">These internal disagreements are complicating efforts to secure the narrow Republican majorities needed in both the House and the Senate to pass the legislation, which faces uniform opposition from Democrats, who argue it disproportionately favors the wealthy and will worsen economic inequality.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">President Trump\u2019s social media message appears to be an attempt to walk this political tightrope. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">He is urging a degree of fiscal restraint to appease conservatives while simultaneously emphasizing a supply-side economic argument: that robust economic growth will ultimately compensate for near-term revenue losses and help reduce deficits over time. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This \u201cgrowth will make it all up\u201d approach comes as nonpartisan analysts estimate the bill could add trillions of dollars to the already substantial $36.2 trillion national debt.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A bullish signal for Bitcoin and gold?<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This fiscal backdrop is being closely watched by market participants, with some interpreting it as a strong signal for holding hard assets. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Crypto analyst Will Clemente\u2019s reaction on the social media platform X (formerly Twitter), posted shortly after Trump\u2019s message, captured a common sentiment among those skeptical of current fiscal policies: <\/span><\/p>\n<blockquote>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">How can you read this and hold long term US treasuries at current yields lol\u2026 Also, how can you read this and not hold any Bitcoin or gold.<\/span><\/p>\n<\/blockquote>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Clemente\u2019s skepticism towards long-term US Treasuries reflects a growing concern that the bill\u2019s deficit-financed tax cuts and relatively modest spending reductions signal a loose fiscal policy that could fuel inflation and devalue the currency over time. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">In such a scenario, traditional fixed-income assets like Treasuries can become less attractive, as rising deficits and potential monetary accommodation (to finance the debt) threaten to erode the value of both principal and interest payments.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Conversely, hard assets with limited supply, such as gold and Bitcoin, are increasingly viewed as reliable stores of value and effective hedges against inflation and fiscal irresponsibility. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The expectation of sustained, large deficits and the clear political challenges to implementing meaningful fiscal discipline are bolstering the demand for these inflation-resistant assets. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">As the Senate races to finalize the bill before the July 4 holiday, the ongoing negotiations and the ultimate fate of this consequential fiscal package will continue to be a key driver of market sentiment.<\/span><\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-rises-above-107k-as-trumps-fiscal-policy-comments-boost-hard-assets\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin traded above $107K Sunday as focus turned to U.S. fiscal policy and Trump\u2019s \u201cBig Beautiful Bill.\u201d Trump urged \u201ccost cutting Republicans\u201d not to \u201cgo too crazy,\u201d promising growth will \u201cmake it all up.\u201d Expectations of sustained deficits and loose fiscal [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":55104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/55103"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=55103"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/55103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/55104"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=55103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=55103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=55103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}