Trump’s $3.3 Trillion Budget Passes—Will Bitcoin and Crypto Benefit?

On July 2, CoinNess and BeInCrypto reported that U.S. President Donald Trump’s proposed $3.3 trillion budget has passed the Senate, raising speculation that Bitcoin and the broader crypto market could see renewed bullish momentum. The passage of the bill is expected to increase U.S. national debt by over $3 trillion. BeInCrypto noted that this could heighten long-term inflationary pressure, prompting investors to seek alternatives like Bitcoin as a hedge against a weakening dollar. As the 'digital gold' narrative resurfaces, Bitcoin continues to draw attention as a stable store of value. Industry observers view the budget approval as a positive catalyst, not just for Bitcoin but for key altcoins as well. Infrastructure and utility tokens like Ethereum are expected to benefit from increased liquidity. However, high-volatility meme coins are still considered risky despite potential gains. Notably, the budget does not include direct regulatory relief or tax incentives for the digital asset sector. Experts believe further legislative support is necessary for sustained growth in the crypto market. As of 06:00 UTC on July 2, Bitcoin (BTC) was trading at $106,967.176 with a 24-hour trading volume change of 0.102%, according to CoinMarketCap. Over the past month, BTC has risen 1.707% and maintained a market dominance of 64.687%, with a 24-hour volume of approximately $45.02 billion—cementing its status as a key asset in the market. President Trump called the bill a “beautiful, giant package,” describing it as essential for economic recovery and national infrastructure investment. Whether this policy move also opens new doors for the crypto market remains to be seen. **Analysis and Outlook** Crypto analysts believe the combination of dollar weakness and Bitcoin’s strengthening role as a hedge could benefit both BTC and altcoins. However, the lack of crypto-specific provisions in the budget still leaves some uncertainty in the market. The economic impact of this budget and its influence on crypto could mark a turning point—not just for short-term rallies, but for shaping the long-term trajectory of the industry.