President Donald Trump‘s widely debated “Big Beautiful Bill” passed through the Senate overnight, setting the stage for major fiscal expansion and prompting several market analysts to point to Bitcoin (CRYPTO: BTC) as a potential long-term beneficiary.
Experts suggest the bill’s projected impact on government spending, inflation, and the U.S. dollar could drive a shift toward Bitcoin as investors look for alternative stores of value.
What Experts Are Saying: Speaking with Benzinga, Steven Rossi, CEO of Worksport (NASDAQ:WKSP), noted that the bill’s large spending commitments could increase Bitcoin’s appeal as a hedge against inflation.
“The bill could drive Bitcoin’s appeal as an inflation hedge amid its $3.3 trillion deficit, with companies like Worksport and Strategy (NASDAQ:MSTR) holding Bitcoin in their treasuries to counter fiat devaluation,” Rossi said.
However, he warned that without the inclusion of Senator Cynthia Lummis‘ (R-Wyo.) proposed crypto tax incentives, adoption could remain limited.
Rossi added that the House’s potential to add these tax breaks could significantly accelerate Bitcoin’s growth.
Joshua Field, Managing Partner at Contango Digital, told Benzinga that unchecked government spending remains a bipartisan issue.
“It doesn’t matter which party is in control, more spending is always on the table,” Field said. …