Bitcoin Eyes $150K as 'Big Beautiful Bill' Ignites Bullish Momentum

Bitcoin could resume a strong northbound movement once US President Donald Trump approves the much-anticipated “Big Beautiful Bill” on Independence Day. Projections within crypto circles are already betting on the apex asset to test the $150,000 mark as Trump puts his signature on the massive spending proposal. Since BTC has often recorded double-digit rallies in weeks following the signing of such large spending packages, market participants are predicting a similar outcome to play out.

Experts Compare ‘Big Beautiful Bill’ to COVID-19 Bull Market Stimulus

Crypto commentators are already drawing comparisons between the imminent ”Big Beautiful Bill” and the COVID-19 bull market. Weeks after Trump signed a COVID-19 spending bill, Bitcoin posted a 38% price climb, as the crypto market reacted positively to the measure. 

With the US debt profile currently at an all-time high of $40 trillion in 2025, experts believe the “Big Beautiful Bill” could spark another BTC rally. As per The Kobeissi Letter, the current national debt is a near $17 trillion increase from its 2023 figure of $23.2 trillion. The global capital markets commentator also expressed concern over the soaring debt crisis, noting that the US has never accumulated such credit figures in its history.

Interestingly, Bitcoin has benefited from the increased risk that comes with expanding the US debt profile. Here are the factors that underpin BTC’s positive response to U.S. debt-boosting bills:

• Investors anticipate inflation or a weaker dollar, often shifting money into other stores of value.
• Bitcoin is viewed as digital gold, free from inflation and regional control.
• Extra government spending increases liquidity, often pushing investors toward riskier assets like cryptocurrencies.

With this in mind, Bitcoin could travel northward of $150,000 supposing its price trend follows the Big Beautiful Bill. At the time of writing, the asset is exchanging hands at $108,000 following a strong start to the year’s third quarter.

Surging Global M2 Supply Fuels Bullish Bitcoin Forecasts Toward $170K

Market commentators also highlight the expanding global M2 money supply as another underlying driver of the bullish Bitcoin price calls. For context, M2 supply measures the total amount of money available in an economy, both in assets and liquidity. A rising M2 score reflects healthy liquidity circulation in the economy. Usually, such a high capital surplus often rotates into “riskier assets” like cryptocurrencies.

Analyzing on a historical scale, the BTC price appears to have often correlated with the M2 bar with slight delays. The apex coin has consistently lagged the global and US M2 supply by 3 to 6 months. However, in rare cases like the April 2025 rally above the 100K mark, this trend lapse was barely one to two weeks.

Even though BTC has posted price climbs during slow M2 movements, such trends are often brief. On the flip side, the coin tends to fare better during periods of M2-backed surges, which appear to be unfolding in the current cycle. On July 3, the global M2 exceeded $55.4 trillion, reaching a new all-time high.

Popular analyst, Crypto Auris, forecasts that Bitcoin will hit the next target of $170,000 as the global money supply grows. However, the crypto commentator isn’t the only one who makes this prediction. Other market experts, including Aditya, also expect the asset to touch the 170K mark, citing the weakening dollar and M2 expansion.

Dollar Weakness Signals Potential Bitcoin Rally Amid Renewed Divergence

Bitcoin typically experiences increased demand due to a weakening US dollar trend. In the first of the year, the Index (DXY) fell to 10.8%, its worst performance in over fifty years. During that period, Bitcoin gained 13.25%, reflecting a divergence from the dollar. 

Historically, such opposite movements have resulted in key market shifts. For instance, the rising DXY and falling BTC in March 2022 followed a bear market. Meanwhile, the November 2020 negative price correlation triggered a major market bull run.

Entering this cycle, both the BTC and DXY moved in the same direction until early last year. A diverging trend appeared in Q2 2025, as the DXY slipped below 100 for the first time in twenty-four months. Assuming historical trends prevail, Bitcoin could initiate a fresh leg upward, amplified by the continued dollar weakness.