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When I bought Bitcoin back in April 2025 at an average cost of $90,881.95, I wasn’t expecting immediate results. But here we are in mid-July, and my position is up nearly 30%, with Bitcoin trading above $118,000. While some people still think this rise is temporary, there’s a deeper reason for Bitcoin’s growth right now, and it has everything to do with the weakening confidence in the US dollar.
Recent fiscal policies of the US government have raised doubts about the dollar’s long-term stability. Of these, the most important is the so-called “One Big Beautiful Bill,” a giant bill on tax cuts signed in early July. While politicians claim it will stimulate growth, leading economists like Larry Summers have warned that it will raise deficits and balloon the national debt by trillions. In the short term, maybe the bill will bring political successes, but only at the cost of long-term fiscal stability. And when a nation’s currency is starting to lose credibility, citizens start seeking alternatives.
That is where Bitcoin enters the picture. In contrast to fiat currencies, Bitcoin is scarce and not government-controlled. With inflationary pressures building and public debt piling up, Bitcoin’s stability and rarity appear more and more attractive, not just to individuals but institutions too. Billions of dollars over the past few months have flowed into Bitcoin ETFs, and big business has continued to add Bitcoin to its treasuries.
At the same time, demand for the dollar is weakening worldwide. Emerging markets are diversifying reserves. Trade tensions and tariff threats are pushing countries away from their reliance on the US financial system. Bitcoin is emerging as a neutral digital terrain, borderless, and more trustworthy.
