President Trump’s proposed legislation, dubbed ‘The Big Beautiful Bill,’ is set to trigger a significant increase in US debt and potentially lead to a full-blown financial crisis. While the bill proposes extending tax cuts from 2017, it also reduces spending by less than $1 trillion over a decade, adding nearly $2.4 trillion to the national debt. This move will exacerbate inflation and devaluation of the dollar, putting pressure on US finances. Bitcoin emerges as a potential hedge against this volatility, particularly if held in self-custody. The bill’s impact could be profound**: increasing the national debt to nearly $40 trillion. Experts warn that it’s not just about ‘twigs and leaves,’ but rather navigating an unfolding financial storm of unprecedented scale. A key factor is whether US policymakers opt for austerity measures, which would have significant political repercussions, or resort to printing money – a tactic that could erode savings, bondholders’ interests and even trigger devaluation of the currency.** The situation underscores the urgency for robust fiscal solutions. The Congressional Budget Office (CBO) estimates the bill’s impact on interest payments alone to be over $3 trillion. While proponents argue that tax cuts stimulate the economy and ‘pay for themselves,’ historical data paints a different picture, showing substantial debt increase after such policies. As Senator Ron Johnson highlights, this focus on budget numbers is insufficient in addressing the magnitude of this crisis.** Despite potential growth scenarios based on nominal GDP, experts like Kenneth Rogoff highlight concerns about rising deficits exceeding 7% of GDP. With little political will to address the issue until a crisis occurs, Bitcoin emerges as a potential refuge against debasement and currency instability. Its fixed supply and independence from government policies offer resilience in times of financial repression. However, the risk of custodial failures is real, especially during financial crises. For true protection, self-custody with private keys and cold storage remains crucial. ** The bill’s path to becoming law is promising. While this article serves as general information and does not constitute legal or investment advice, its contents offer valuable insights into the potential risks and opportunities of the current US financial landscape.**