The crypto world, that wild and untamed beast, seemed to catch its breath on Thursday. Inflation in the U.S. was on the retreat, Donald Trump was playing nice with tariffs, and Paul Atkins got the nod as SEC chair. But lurking in the shadows, like a coyote waiting to pounce, was a $4.5 trillion catalyst that could send Bitcoin, Ethereum, Cardano, and XRP soaring this quarter. 🚀
Most folks in the crypto game are blind to this $4.5 trillion beast, even though it’s been sitting there, plain as day. It’s Trump’s so-called “Big, Beautiful Bill,” a piece of legislation that’s about as subtle as a sledgehammer. In a recent X post, Trump boasted:
“Great News! “The Big, Beautiful Bill” is coming along really well. Republicans are working together nicely. Biggest Tax Cuts in USA History!!! Getting close.”
This bill, if it passes, could be a godsend for crypto. It’s expected to extend the 2017 tax cuts and throw in some extra goodies, like axing taxes on tips and overtime pay. More money in people’s pockets means more cash to throw at Bitcoin, Ethereum, Cardano, and XRP. And let’s face it, young folks love to gamble their savings on these digital wildcards. 🎲
But wait, there’s more! The Federal Reserve might just drop another bombshell by cutting interest rates. Inflation’s been on the decline, hitting 2.4% on Thursday, and inching closer to the Fed’s 2.0% target. Trump’s tariff tinkering hasn’t helped matters, with hefty taxes still on cars, steel, and aluminum, and a whopping 125% tariff on China. 🌍
Mark Zandi, the economist at Moody’s, isn’t feeling too optimistic. He’s upped his recession odds to 60% and warned that global investors might start losing faith in the U.S., making its bonds less of a safe haven. 📉
So, with inflation falling and the economy slowing, the Fed might just go all-in with rate cuts. Polymarket traders are betting on a 52% chance of a cut by June, and some are even predicting three cuts this year. And let’s not forget, the Senate just confirmed Paul Atkins as SEC chair, which could mean more deregulation and ETF approvals. 🎉
In the end, Bitcoin, Cardano, Ethereum, and XRP are still stuck in a bear market, desperately searching for a lifeline. The big things to watch? Potential interest rate cuts, U.S. tax cuts, and Atkins’ new role at the SEC. Buckle up, folks. It’s gonna be a bumpy ride. 🎢
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2025-04-10 18:46