In a twist that has both political and cryptocurrency spheres buzzing, former President Donald Trump’s “Big Beautiful Bill” has passed, potentially shaking up the Bitcoin market. According to Arthur Hayes, the co-founder of BitMEX, this legislative move might trigger a short-lived slump in Bitcoin’s value to a precarious $90,000. The unexpected passage of this bill, which appears geared towards broad economic reforms, has caught the attention of crypto enthusiasts and analysts alike.
The Ripple Effect on Bitcoin
Hayes, known for his insightful yet often provocative market predictions, suggests this bill could create a temporary bearish wave for Bitcoin. “The bill’s implications for taxation and financial regulation could lead to an immediate market reaction,” Hayes remarked in a recent analysis. The potential for stricter regulations might initially unsettle investors, unsettling the market’s delicate balance. As explored in our recent coverage of Trump’s ‘Big Beautiful Bill’ May Get a ‘Hail Mary’ Bitcoin Tax Exemption, there could be unexpected twists in the bill’s implementation that might impact the market differently.
However, it’s not all doom and gloom. Hayes remains optimistic about Bitcoin’s long-term prospects, suggesting that any dip could present a buying opportunity for savvy investors. “These types of legislative changes often create short-term noise, but the underlying fundamentals of Bitcoin remain strong,” he added.
A History of Resilience
Bitcoin’s history is peppered with fluctuations triggered by external events, from regulatory changes to technological advances. Remember the 2021 China crackdown that sent shockwaves through the market, only for Bitcoin to rebound stronger? Such instances underscore its resilience and adaptability in the face of adversity.
Moreover, with the advent of Bitcoin ETFs and increased institutional interest, the cryptocurrency landscape has evolved significantly. These factors could mitigate the impact of Trump’s bill, offering a buffer against potential volatility. As Hayes noted, “The market has matured, and with that comes a greater capacity to absorb shocks.” This follows a pattern of potential bullish outcomes, as detailed in Bitcoin price can hit $150K in weeks thanks to Trump’s ‘Big Beautiful Bill’.
What Lies Ahead?
While Hayes’s prediction might sound unsettling, it raises pertinent questions about the future regulatory landscape and its impact on cryptocurrencies. Will Bitcoin’s value see a temporary dip? Perhaps. But, as history has shown, the markets have a way of bouncing back, often with renewed vigor.
The bill’s broader economic implications remain to be seen, but one thing is clear: the crypto community will be watching closely. There’s a palpable sense of anticipation, mixed with a dash of apprehension, as investors brace for the potential market tremors.
In the coming months, as the dust settles on Trump’s ambitious legislative push, all eyes will be on Bitcoin’s performance. Will it falter, or will it continue its upward trajectory, defying predictions of a downturn? Only time will tell, but one thing’s for sure—it’s going to be an interesting ride.
Source
This article is based on: Trump’s ‘Big Beautiful Bill’ Passes—And Bitcoin Could Fall to $90K, Says Arthur Hayes
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
