Trump's Big and Beautiful Act Sparks Crypto Demand

During an interview, U.S. President Trump discussed the possibility of "expelling" Elon Musk and criticized him for receiving substantial government subsidies. This conflict arises from the "Big and Beautiful Act" proposed by Trump, which includes provisions for tax cuts, defense spending, and immigration policies, with an expected implementation date of 2025.

The "Big and Beautiful Act" has sparked ongoing controversy. The act, totaling $3.3 trillion, aims to stimulate the economy through tax cuts and increased spending. Musk, however, strongly opposes the act, arguing that it will increase the deficit and harm companies like Tesla, particularly due to the provision to cut electric vehicle tax credits. Musk also criticized the act for exacerbating economic inequality.

While the "Big and Beautiful Act" is not directly related to cryptocurrency, the potential increase in the fiscal deficit could drive investors to seek hedge assets like Bitcoin. This shift could be beneficial for BiyaPay users, as the tax reduction measures in the act provide a more favorable tax environment for cryptocurrency investors.

BiyaPay platform offers users multiple advantageous features to capitalize on these potential opportunities. The platform supports USDT deposits for exchange into over 30 fiat currencies, enabling fast and secure international remittances. It also supports the exchange among 200+ cryptocurrencies with zero transaction fees for spot and contract trading. Additionally, BiyaPay allows users to trade U.S. and Hong Kong stocks using USDT, enabling real-time participation in stock trading without the need for an offshore account.

Overall, the "Big and Beautiful Act" may drive up demand for crypto assets. BiyaPay users can leverage the platform's features to optimize their asset allocation and capitalize on market changes. According to the analyst's forecast, the crypto market may benefit from the policy volatility caused by the act, providing opportunities for investors to hedge against potential economic uncertainties.