The recent rise in Bitcoin’s
On July 14, Bitcoin reached a new high of around $121,000, which Thielen called “a response to something much deeper” than usual market trends.
He stated, “The narrative has completely shifted: no one is talking about blockchain use cases or Bitcoin’s technological promise anymore. Bitcoin has become a macro asset, a hedge against unchecked deficit spending”.
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At the center of these worries is the recently passed “One Big Beautiful Bill Act”, signed by President Donald Trump in July. The bill raised the debt ceiling by $5 trillion.
While initially presented as a means to reduce deficits, estimates suggest the bill could instead add between $2.3 trillion and $5 trillion to federal deficits within the next decade. This amounts to a potential $7 trillion gap compared to initial expectations, Thielen said.
He added that continued high spending and the likelihood of interest rate cuts make Bitcoin one of the main options for investors seeking to protect themselves from future financial risks. Thielen said:
Alongside gold, Bitcoin is now positioned as the primary defense against a looming fiscal crisis—and that crisis is rapidly intensifying.
Recently, Arkham, a blockchain analytics firm, reported that Satoshi Nakamoto, the anonymous figure behind Bitcoin, has reached a new milestone in personal wealth. What did the company say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
