Bitcoin price surged by 38% after Trump signed a spending bill, with predictions of reaching $150,000.

Bitcoin surged by 38% after US President Trump signed a major spending bill in late 2020, with predictions of BTC/USD reaching $150,000 with the upcoming “Big Beautiful Bill.” The bill’s approval is expected to increase US national debt to $40 trillion by 2025, sparking a COVID-19 bull market comparison.

Market participants anticipate significant price gains for Bitcoin as Trump’s spending bill becomes a reality, fueled by historical positive reactions to increased US borrowing. Estimates suggest a $17 trillion surge in US national debt over 6 years, emphasizing the unprecedented crisis. Predictions from Kalshi indicate a $40 trillion national debt figure.

The correlation between Bitcoin’s price movement and the global M2 money supply continues to drive bullish sentiment, with BTC/USD tracking M2 trends closely. Analysts note a historical pattern of BTC/USD following M2 movements, highlighting a potential price surge for Bitcoin. Global M2 recently hit a new all-time high of $55.4 trillion on July 3, 2025.

Read more at CoinTelegraph: Bitcoin Forecast Hopes For 38% BTC Price Gains From The “Big Beautiful Bill”