Overview

• President Trump posted on Truth Social that economic growth would “make up, times 10” for deficit spending and hailed Bitcoin’s adoption as “a great thing” for the U.S.
• Bitcoin rallied about 1% to near $108,000 on June 29–30, boosting its market cap to roughly $3.3 trillion as trading volume jumped more than 25%.
• Crypto czar David Sacks forecast “a big” July for President Trump to sign the Senate-passed Genius Act and the pending Clarity Act, which would regulate stablecoins and define market structure.
• Analysts including Will Clemente have advised shifting away from long-term Treasuries toward Bitcoin and gold given expectations of debt-financed stimulus and potential Federal Reserve rate cuts.
• Institutional inflows via spot Bitcoin ETFs and concerns over dollar weakness have underpinned Bitcoin’s rebound from April lows and its proximity to record highs above $112,000.