Bitcoin has recorded a new increase in prices, fueled by Trump’s statements on deficit and fiscal strategies. The digital asset closed the session at $107,937, reinforcing its role as a safe haven against economic instability and expansive monetary policies.
Bitcoin and the political context: Trump’s post shakes the markets
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In the last 24 hours, Bitcoin experienced significant volatility, fluctuating between $107,194 and $108,489. The push mainly came after a statement by Trump on June 29, 2025. The president, addressing Republicans on Truth Social, urged them to “not go too far with the cuts” and to trust that economic growth “will set everything right, multiplied by ten.” This message caught the attention of market analysts, bringing the issue of the federal deficit to the forefront and reinvigorating the discussion on the role of assets like BTC and gold.
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In fact, the heated debate around the legislative package, known as “One Big Beautiful Bill”, has revealed deep internal divisions within the Republican Party. Trump’s main argument is that growth, favored by new tax cuts, will be sufficient to offset any increases in the deficit. However, these positions have heightened fears of inflation and currency devaluation, conditions that historically strengthen the bull case for Bitcoin.
The position of analysts: Bitcoin and gold as a shield against fiscal risk
The words of Trump have resonated in the crypto sector, particularly with the analyst Will Clemente, who on X (formerly Twitter) commented:
“How can one read this and hold Treasury securities at these yields… and not own Bitcoin or gold?”.
Its assessment is based on a central element: accommodative fiscal policies and deficit increases tend to penalize fixed income assets like Treasuries, making safe-haven assets more appealing.
This perception translates, consequently, into a strengthened interest in “non-dilutable” assets such as BTC and gold, which benefit from expectations of prolonged deficits and a possible deterioration of fiscal discipline. Furthermore, the climate of legislative uncertainty around the measure, still under discussion in the Senate, further encourages the demand for alternative stores of value.
The fiscal package and the reaction of the markets
The bill presented by President Trump exceeds 900 pages and includes about $3.8 trillion in tax cuts, along with new funds allocated to defense and border security. In particular, it aims to make permanent many tax credits introduced in 2017, eliminating taxes on tips, overtime, and some auto loans. The child tax credit would rise to $2,200 in the Senate version, and temporary deductions for retirees are also planned.
However, to offset such measures, the proposal includes significant cuts to Medicaid and food programs, causing friction between moderates — eager for a higher cap on state and local tax deductions (SALT) — and conservatives, who demand sharper cuts. The Democrats strongly contest, arguing that the plan favors the wealthy and widens social disparities.
These internal divisions undermine the possibility that the Republican majority — already slim — will find a quick agreement. In this scenario, assets free from political risk like Bitcoin show increasing attractiveness.
Technical analysis: Bitcoin between supports, volatility, and record volumes
In detail, between June 28 and 29, the quotation of BTC marked a range of 1.21%, oscillating between $107,194 and $108,489. The main support stabilized at $107,300, with strong rebounds in the early hours of the day. The peak of volumes was reached between 08:00 and 11:00 UTC on June 29, when as many as 7,538 BTC were exchanged, confirming a robust bull momentum.
Subsequently, during the last hour of trading, Bitcoin formed a descending channel, dropping from $108,219 to $108,059. A sudden increase in volumes at 13:35 UTC accompanied a drop to $108,030, a level that consolidated as the new point of equilibrium. Only in the final moments, a further rally allowed the asset to return close to $108,000, before closing at $107,937.
Future Prospects: Bitcoin as a Protagonist Amid Uncertainty and Opportunities
The race of the Senato to vote on the measure by July 4th shows how high the stakes are. Trump‘s call for unity and moderation reflects the difficulty of finding a balance between tax cuts, spending reductions, and political consensus. In any case, this climate accentuates investors’ tendency to diversify and protect their portfolios by choosing instruments resilient to potential fiscal and monetary shocks.
In light of what has been observed, Bitcoin confirms itself as a strategically significant asset during periods of turbulence. If legislative tensions and the risks of high deficits persist, the demand for BTC and oro could further strengthen, transforming these stores of value into true protagonists of the next economic cycle. Closely monitoring the evolution of fiscal policies will be crucial to seizing new opportunities in a market now driven by the intersection between the real economy and financial innovation.