Trump has dropped a major bombshell in the economic arena. The combination of tax cuts, tariffs, and interest rate cuts has directly created a $4 trillion deficit hole over the next decade, breaking the US Treasury. Behind the frantic money printing to fill this black hole, the US economy has already been teetering on the edge of a cliff, and all these upheavals are not only impacting traditional finance but also directly stirring the nerves of the entire crypto market.

How aggressive is the plan that Trump strongly pushed in 2025? Permanent income tax exemptions plus corporate tax cuts from the original levels down to 15%, directly causing the federal government to lose $4 trillion over ten years, averaging a $400 billion deficit annually. What’s the solution to plug this hole? Imposing reciprocal tariffs on a global scale. But the problem is, tariffs only increase revenue by about $1,200 billion a year, which is hardly enough. Even more concerning, the annual purchasing power of ordinary American households has been directly reduced by $1,700. Although Elon Musk-led government layoffs and austerity measures are underway, they are also difficult to fill this deficit gap.

When it comes to interest rate cuts, Trump treats the Federal Reserve as a life-saving straw. Ignoring the reality that tariffs and tax cuts could push inflation higher, he insists on forcing the Fed to cut rates to ease the interest burden on US debt. More radically, he even plans to nominate his trusted allies to lead the Fed, openly undermining the independence of the central bank. It’s important to note that US national debt has long surpassed warning levels, and massive deficits are continuously eroding dollar dominance. Moody’s and other rating agencies have already downgraded the US sovereign credit rating, and the de-dollarization wave is growing fiercer.

The crypto community is more focused on Trump’s changing attitude toward digital assets. He went from calling Bitcoin a scam to incorporating it into the national strategic reserve—this shift actually has deep underlying interests. Even more boldly, he’s attempting to peg the US dollar stablecoin to US Treasuries, effectively asking global crypto users to take on US debt. Meanwhile, he’s aggressively promoting AI and building American-style state-owned enterprises, treating the US as a giant corporation. The core question of this gamble is: can economic growth outpace the expansion of the deficit? Can dollar hegemony withstand the shock of frantic money printing?

If this $4 trillion gamble pays off, the US might truly usher in a golden era. But if it fails, the consequences will be soaring inflation, collapsing debt chains, and the complete bankruptcy of dollar credibility. Every move Trump makes is actually shaking the foundation of the global financial order, and Bitcoin’s appeal as a decentralized asset is rising accordingly. This national-level economic gamble and the trajectory of the crypto market have already formed a subtle resonance.