The grand and beautiful bill completely broke ties between Musk and Trump. On July 1st, Musk stated that if the current "crazy spending bill" is passed (the "Big and Beautiful Act"), he will form the "American Party" the next day to protest against the bill. The text of the bill is 1118 pages long, and it took 16 hours to read the full text word for word during the Senate's review of the bill. The core content includes the following nine aspects. The "Big and Beautiful Act" is expected to reduce federal tax revenue by approximately $3.3 trillion through tax cuts between 2025 and 2034 (dynamic estimate). At the same time, the bill will significantly reduce spending by approximately $1.13 trillion. Musk criticized the bill for causing a significant increase in the budget deficit, which is expected to increase by $600 billion in the next fiscal year and potentially reach $2.5 trillion over the next decade. This goes against the Trump administration's previously stated goal of cutting government spending. The bill is expected to result in an additional deficit of approximately $5 trillion for the US government, and this scale of fiscal expansion may weaken market trust in the US dollar and US Treasury bonds. The reduction of foreign holdings in US Treasury bonds has become a structured trend, and the outflow of funds may flow into Asian stock markets, gold, and Bitcoin (BTC), further enhancing Bitcoin's position as a global stored value asset, especially in the context of its inclusion in the US strategic reserve assets. Read the details and impact of the Great and Beautiful Act: https://www. (techflowpost.com)/article/detail_26684.html