- U.S. passed major crypto bills, clearing the path for stablecoin regulation and blocking the Fed’s CBDC plan.
- Trump Media holds $2B worth of BTC; Trump himself just gave it a public shout-out.
- Bitcoin hit $120K amid all the chaos — but the real question is whether it sticks, or slips.
Bitcoin’s back in the spotlight — and this time, it’s riding a wave of political drama and legislative breakthroughs. On Tuesday, July 15, BTC pushed past $120,000 (yep, around A$183,000), boosted by a whirlwind of events now being dubbed Crypto Week in Washington. What happened, and more importantly, can it keep flying?
U.S. Lawmakers Just Woke Up to Crypto (Finally)
So here’s the deal: the U.S. House passed its first-ever federal stablecoin regulation, and that’s a big deal. It already passed the Senate, so all that’s left is a signature from the President — then boom, it’s law.
But it didn’t stop there. Two other bills made it through the House: one sets up a new market framework for crypto, the other straight-up blocks the Fed from launching a CBDC. Both bills are now in the Senate’s court. While none of these directly touch Bitcoin, they still matter — they shift how digital assets are viewed by regulators. And that optimism? It showed up in the charts, as BTC smashed its previous all-time high.
Trump’s All-In on Bitcoin?
This one turned heads: Trump (yeah, that Trump) posted a clip on Truth Social hyping up Bitcoin, calling it “the greatest explanation of all time.” It was from Coin Center’s Peter Van Valkenburgh, talking to the Senate back in 2018. Odd throwback, but the message was loud and clear: Trump’s warming up to BTC.
And then came the kicker — Trump Media, his own media company, disclosed that two-thirds of its $3B in liquid assets are now in Bitcoin. That’s a bold move, and it puts Trump Media in the same camp as heavyweights like MicroStrategy, who’ve been stacking sats for years.
Even retirement funds and sovereign wealth funds are diving in through Bitcoin ETFs. It’s not just hype anymore — it’s becoming strategy.
Is This the Moment Bitcoin Goes Fully Mainstream?
Let’s be honest — regulation alone won’t make Bitcoin a household utility. Just because banks can now dip their toes in legally doesn’t mean your grandma’s buying coffee with it.
Still, regulatory clarity removes some of the big red flags that used to scare off institutions. That means more capital flowing in, more products built around BTC, and maybe (just maybe) more use cases. But it’s gonna take more than a few laws and a Trump endorsement to make it a default financial tool.
Adoption needs to be wide. Not just banks and billionaires — but apps, businesses, governments, everyday folks.
Can It Go Higher? Well…
With everything moving in Bitcoin’s favor — institutions piling in, clearer laws, even a bit of political hype — it wouldn’t be crazy to think BTC has more room to run.
That said, price often gets ahead of the real-world fundamentals. It’s still a volatile beast. One macro shake-up or political flip could send it tumbling just as fast.
But for now? Bitcoin’s back on the front page, and the crowd is watching closely.
