Crypto’s Back, Baby! 🚀

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Well, that didn’t take long. Just six days after Donald Trump signed the Big Beautiful Bill into law, Bitcoin surged to an all-time high of $116,000. I mean, who needs fiscal discipline when you can just print more money, right? 🤑

The rally is apparently due to a wave of macroeconomic shifts, rising US debt, tightening bond markets, and historic ETF inflows. Because, you know, nothing says “stable investment” like a cryptocurrency that can fluctuate by 10% in a single day. 😂

Fiscal Surge Triggers Flight to Hard Assets (aka Bitcoin)

Trump’s $3.3 trillion Big Beautiful Bill, signed on July 4, triggered an immediate $410 billion rise in US debt. Because who needs a balanced budget when you can just spend, spend, spend? 🎉

Markets see this as inflationary (no kidding), and investors are rotating out of bonds and into scarce assets like Bitcoin. Because, you know, Bitcoin is totally not a bubble waiting to burst. 🤔

Bitcoin, with its fixed supply, is emerging again as a hedge against fiat debasement. Because, you know, the value of the dollar is totally going to plummet any day now. 😂

BlackRock’s spot Bitcoin ETF (IBIT) has reached $76 billion in assets under management. That’s triple what it held just 200 trading days ago. Because, you know, institutional investors are totally not just jumping on the bandwagon. 🤑

By comparison, it took the largest gold ETF over 15 years to reach the same milestone. But hey, who needs gold when you can have a digital currency that’s totally not backed by anything tangible? 😂

Fed Balance Sheet Shrinkage Tightens Liquidity (aka More Money for Bitcoin)

In June, the Federal Reserve reduced its balance sheet by $13 billion, bringing it to $6.66 trillion—the lowest since April 2020. Because, you know, the Fed is totally not just printing more money to prop up the economy. 🤑

The Federal Reserve’s balance sheet declined by -$13 billion in June, to $6.66 trillion, the lowest since April 2020.

Over the last 3 years, the Fed has reduced its asset holdings by -$2.31 trillion, or -26%.

During this period, the value of Treasury holdings has…

— The Kobeissi Letter (@KobeissiLetter) July 10, 2025

Also, Ethereum is trading near $3,000, up 14% since the Big Beautiful Bill became law. Solana, Avalanche, and other altcoins are also rallying. Because, you know, the crypto market is totally not just a giant game of musical chairs. 🎶

Retail and institutional capital are returning. Meme coins and DeFi tokens are gaining traction as speculative sentiment returns. Crypto is once again leading the risk-on cycle. Because, you know, it’s totally not just a giant bubble waiting to burst. 🤔

S&P 500 All-Time High: Risk-On Across the Board (aka More Money for Bitcoin)

The S&P 500 has surged 30% since its April 2025 low, hitting a new all-time high this week. This signals strong investor confidence in high-growth, high-risk assets. Like Bitcoin, because it’s totally not just a speculative bubble. 🤔

Bitcoin benefits directly from this environment. As equities rally, crypto tends to follow. The market sees the Big Beautiful Bill as indirect stimulus—and it’s responding accordingly. Because, you know, the market is totally not just a giant game of follow-the-leader. 🎉

Bottom Line (aka Buy Bitcoin)

Bitcoin’s latest all-time high is a response to structural changes—not hype. The Big Beautiful Bill expanded the deficit and shook confidence in US debt markets. Because, you know, the US government is totally not just printing more money to prop up the economy. 🤑

With inflation fears rising and institutional access growing, Bitcoin is becoming the macro hedge of choice. Because, you know, it’s totally not just a speculative bubble. 🤔 As crypto enters a new bull market, all eyes now turn to the Federal Reserve and rate cut decisions. Because, you know, the Fed is totally not just going to print more money to prop up the economy. 🤑

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2025-07-11 02:22