Bitcoin Price Surge Driven by Institutional Interest Amidst Economic Uncertainty

The price of Bitcoin surged recently, driven by growing institutional interest amidst economic uncertainties. The passage of the Trump Tax Bill through the House Ways and Means Committee has stirred market speculation regarding potential tax cuts and SALT deductions for individuals. This development, despite internal Republican discord, signals a significant step towards President Trump’s legislative agenda. 2025 is a pivotal year for US tax policy as key provisions from the 2017 Tax Cuts and Jobs Act expire, prompting urgency in enacting new legislation. The implications of this new bill are expected to reshape both immediate fiscal strategies and longer-term financial planning, mirroring previous legislative approaches.