After much controversy, one that even led to a fallout between Elon Musk and Donald Trump, the “One Big Beautiful Bill” has now passed. With it, the US president hopes that the West would once again embrace common sense. However, the pullback of funding from sustainable projects could have a reverse impact, despite how bullish Trump has been about Bitcoin.
Adding to this quandary is the fact that there have been absolutely no Bitcoin tax exemptions, which is surprising for someone seeking to alter the world’s paradigm around finance. Will BTC remain the best crypto to buy now in this instant, or are investors better off looking for alternatives?
The One Big Beautiful Bill Passed in a Hectic Fashion – Ignoring the Needs of The Cryptocurrency Market
The entire motif of introducing this massive reconciliation bill was to combine massive tax cuts and reduce “wasteful” spending, while at the same time adding more funds to immigration and defense funding.
However, even though pro-crypto senators raced until the end to tack on an additional amendment related to crypto tax, nothing was done in the end, leaving the crypto industry outside the bill as a whole. It means that Dennis Porter’s (CEO and Co-Founder of Satoshi Fund) efforts were in vain.
What the market now has to look forward to, however, is how the impact on traditional finance will flow downstream and affect the cryptocurrency market. And like all bills, not everything is for the better with the introduction of this one, no matter how big and beautiful it is.
Potential Positive Impacts of the Bill on the Crypto Market
Here are the potential positive impacts the One Big Beautiful Bill could have on the cryptocurrency market.
Increased Disposable Income
Tax cuts could help families and small businesses, which could lead to more disposable income. These families could use it to invest in crypto, flooding the market with new retail investors.
Boost to Institutional Liquidity
Massive defense and infrastructure spending could inject more liquidity into the system. As institutions start to sit on more cash, they could take more risks in the form of investing in crypto like Bitcoin or Ethereum.
Dollar Debasement Narrative Getting Stronger
The bill could increase the deficit by $3 trillion, and the debt ceiling resulting from it could erode the trust people have in the USD. In such a case, Bitcoin could be considered “sound money” in response to government overspending.
Potential Negatives that The Bill Could Bring to the Crypto Economy
Since the One Big Beautiful Bill has ignored crypto altogether, here are the potential negatives that it could create for the crypto space.
Tax is Still Complex for Crypto Holders
Capital gains on crypto still fall under heavy taxation, which means everything from micropayments to DeFi to NFT transactions involves additional tax headaches. This could discourage crypto adoption.
Cut in Tech-Forward Programs
The One Big Beautiful Bill has rolled back innovation and clean energy grants, which could result in limiting blockchain innovation, leading to less emergence of utility-centric ecosystems.
Increased Government Surveillance
Since the expenditure on ICE and border security will increase, digital surveillance could become more invasive. This could lead to crypto transactions being monitored more aggressively in the name of national security, resulting in a world where “private” transactions could become an unknown concept.
Speculative Interest in Crypto Boosted, But Lack of Tax Reforms Makes Things Difficult
So, overall, while speculation could give the cryptocurrency market a boost, it is important to note that the crypto sector was waiting for something more substantial. Calls from the likes of Senator Cynthia Lummis were about helping miners and stakers, who aren’t taxed once, but twice. But because the entire bill hearing was hectic, reforms were ignored.
That could make things more difficult down the line, which means the BTC price could stop growing.
At present time, however, the apex crypto is continuing to float above $109K, with charts clearly showing the struggle to keep it above support. Continued vigilance could create squeeze-like conditions for BTC, pushing its price upwards, possibly even crossing the $110K level. However, if bearish sentiments take over, Bitcoin could lose its current support and fall to $108K.
Therefore, in essence, investing in BTC could be considered a risky prospect as of now. Investors are better off looking at altcoins if they want their investments to bring them gains.
Best Crypto to Buy Now – Top 4 Picks
Token 6900
One look at the news and the implications of the One Big Beautiful Bill will show investors that the financial space has become almost comedic, ripe with controversial moves. This has created a heightened state of self-awareness among degen investors, which has resulted in the conceptualization of Token 6900.
Token 6900 is a purely speculative meme coin, highlighting its narrative via a website that takes cues from Windows 95, and text that shows a subjective reality of the current situation. The project doesn’t promise gains and is merely showcasing that it has one more token than SPX6900. However, it is this limited narrative that has made it a ground for nearly unlimited memes, which is, in turn, helping this project grow.
With upwards of $100K already raised via its ICO, Token 6900 is showing that there is still a market for meme coins with no use cases. The tokenomics is transparent, the vibes are unique, and the messaging is clear: combining fun with the act of cryptocurrency investment while still being aware of the financial situation.
Experts at one of YouTube’s most prolific crypto channels, 99Bitcoins, have clearly stated that this could have the potential to become the next SPX6900. And even though the token’s long-term prospect is nearly non-existent, there are chances of a strong community that could continue to exist thanks to the AI-driven social media posts on its official X account.
Bitcoin Hyper
Bitcoin’s continued resilience, despite the certain shortfalls of the One Big Beautiful Bill, shows that institutions continue to believe in it, which could trickle into similar projects such as Bitcoin Hyper.
Bitcoin Hyper has the veneer of a meme coin but carries a strong utility that could push the Bitcoin network toward a utility-centric direction. The project is trying to provide a novel L2 scaling solution for the standard network to make it able to host smart contracts.
With it, the possibility rises for decentralized applications to be built on the Bitcoin ecosystem. With it, Bitcoin could come out of its “store of value” use case, and Bitcoin could become more tied to use cases rather than only speculation.
Such ambitious beliefs for Bitcoin make Bitcoin Hyper unique. And while many may say that the project’s core ethos aren’t exactly novel, there is a case to be made for its desire to keep things comedic while still providing utility.
The whitepaper clearly shows that the developers have thought deeply about what this project could do for Bitcoin. The technologies used—L2 scaling, Solana Virtual Machine, and Canonical Bridge—could just mean that whatever Bitcoin Hyper has promised is real.
Experts like Borch Crypto have called it the next 100x Bitcoin layer-2 opportunity, owing to its straightforward approach to inject utility within the Bitcoin economy.
Best Wallet Token
As the vision of families having more disposable income is realized thanks to the One Big Beautiful Bill (maybe), new retail investors could come into the market. These investors would need a non-complex solution to interact with the cryptocurrency space, and that’s what Best Wallet Token, which powers Best Wallet, provides.
Best Wallet is an inclusive cryptocurrency ecosystem, offering complete crypto trading solutions similar to a centralized exchange but within a decentralized paradigm. Interacting with it is easy, as it only requires a username and password. It also offers staking rewards to users and lets them keep an eye on the latest emerging early-moving opportunities.
Best Wallet Token enhances these features. Holding a bunch of $BEST allows users to invest, get better staking yields, invest in crypto ICOs before they are made public, and become part of the Best Wallet DAO.
Best Wallet is an evolving ecosystem, with new additions like Market Insights, NFT Gallery, Rewards Hub, Market Intel Analysis, and more coming soon. That’s what makes this an interesting project to invest in while it is still in ICO. With over $13 million raised by this project already, the day of the presale’s last date is near.
SUBBD
Since there are fears that the One Big Beautiful Bill could stall the growth of utility-focused cryptos, altcoins offering unique services leveraging blockchain tech could become a rare breed. In this case, SUBBD offers an early moving opportunity to invest in an AI-agent ecosystem powering a content creation platform.
SUBBD is a blockchain project modeled after OnlyFans, with the difference being AI adoption and blockchain integration. Blockchain integration helps make the ecosystem more transparent, allowing content creators to earn a fair share. And with AI adoption, content creators can evolve their content in different ways—even create an AI influencer.
Exclusive perks like AI-driven content management systems make it beneficial for all types of social media influencers. However, fans of these creators can also “rake in the moolah” by using SUBBD tokens, which give them access to exclusive content, gamified ecosystems, and more.
It is the simplicity of this project that has made it endearing to so many investors, as seen from its presale, which has raised over $742K so far. While it isn’t exactly viral, the potential of this project could propel post-listing, thanks to its utility.
Conclusion
The approval of Donald Trump’s One Big Beautiful Bill is the realization of its ambitions. While many left-leaning journalists have cried foul and are quick to highlight the shortfalls it could bring to the economy, what most are interested in is the impact of the bill on the cryptocurrency market.
At present, it looks like the cryptosphere could go in any direction, which is why investors should exercise caution and load up on the best crypto to buy now, which can be found among the listed ICOs.
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