Bitcoin is expected to benefit from a new tax proposal, adding 2.5 trillion dollars for deficit
Spencer Hakamian, founder of Tolou Capital Management, estimated The huge tax law issued by Republicans earlier will add 2.5 trillion dollars today to the deficit.
The draft law is supposed to reduce spending by $ 1.5 trillion, while allowing tax discounts worth $ 4 trillion.
Hakaman, who appeared as one of the most reliable voices in the financing community amid recent economic turmoil, claims that the huge increase in deficit will be amazing for Bitcoin (BTC) and gold.
The loose fiscal policy is also expected to positively affect American stocks.
At the same time, it is clear that the expansion of the deficit will be “terrible” for bonds because the United States government will have to issue more of them in order to raise funds.
Earlier today, Fox correspondent Charles Gaspreno I mentioned The idea that the definitions can pay the deficit was “outside the table”, given that the United States and China reached an agreement.
The price of Bitcoin reached a new two -month peak of $ 105,503 after news erupted about the agreement. However, it has now decreased by more than 2 %.
Sinator Wyoming Centeh Lomes previously claimed that Bitcoin could help solve the problem of national debt in the United States.
Arthur Hayes, former CEO of Bitmex, believed that the United States government is unlikely to buy Bitcoin because of concerns about financial debts.
