Bitcoin Price Prediction – Senator Lummis Pushes Tax-Free BTC Spending Bill: Is This the First Step Toward Mass Adoption?

Bitcoin is trading just below $109,000 after a 29.74% second-quarter gain, its strongest Q2 since 2020. While institutional flows and corporate accumulation remain primary drivers, the latest push for crypto tax reform in Washington is adding a fresh layer of optimism for long-term adoption.

U.S. Senator Cynthia Lummis recently introduced a comprehensive bill aimed at modernising how crypto is taxed. Key features include exempting transactions under $300 from capital gains tax (capped at $5,000 annually) and delaying taxation on mining or staking rewards until they’re sold.

The proposal also outlines tax breaks for lending and charitable donations and allows mark-to-market accounting for crypto traders, putting digital assets on par with traditional securities.

The bill, projected to generate $600 million from 2025 to 2034, could become law amid a friendlier 2025 regulatory environment. If passed, it would simplify crypto use in daily life and lower friction for retail and institutional adoption, potentially setting the stage for broader Bitcoin integration in mainstream finance.

Institutions Accumulate BTC Amid ETF Inflows

Institutional demand continues to fuel Bitcoin’s bullish momentum. According to SoSoValue, U.S. spot BTC ETFs attracted $769.6 million in inflows this week, marking four straight weeks of net positive flows. That consistency suggests institutional investors are building positions with a long-term view.

On the corporate side, MicroStrategy expanded its holdings by acquiring 4,980 BTC, bringing its total stash to 597,325 BTC. Japan’s Metaplanet added 1,005 BTC, and Blockchain Group purchased 60 BTC—demonstrating firm conviction in BTC as a treasury asset.

Standard Chartered analyst Geoffrey Kendrick raised his year-end forecast to $200,000, citing accelerating demand and improving macroeconomic conditions. His base case for late 2025 remains $135,000, reinforcing a structurally bullish outlook.

Key Institutional Activity:

• MicroStrategy: +4,980 BTC (597,325 total)
• Metaplanet: +1,005 BTC
• U.S. Spot ETFs: +$769.6M inflows this week

Bitcoin (BTC/USD) Technical Outlook: Bulls Hold $108K

Bitcoin price prediction remains bullish, as the asset holds above a key ascending trendline drawn from the June 20 low and continues to respect support near $108,000. However, momentum has cooled after a rejection at $110,413.

The MACD has turned bearish on the 2-hour chart, suggesting a brief consolidation or pullback could follow. Key downside levels include $108,000 and $107,325, while resistance remains at $110,413 and $112,041.

Technical Trade Setup:

• Entry: $108,000–$108,600 on bullish signal
• Targets: $110,413 → $112,041
• Stop: Below $107,200
• MACD: Bearish crossover, awaiting price confirmation

Until Bitcoin breaks below $108K, the bullish trend remains intact. Traders may look for a bounce from support to re-enter positions, especially as policy headlines and institutional activity keep sentiment elevated.

Bitcoin Hyper Presale Surges Past $1.92M as Price Rise Nears

Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has surpassed $1.74 million in its public presale, with $1,927,122 raised out of a $2,373,526 target. The token is priced at $0.012125, with the next price tier expected within hours.

Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.

The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and full rollout expected by Q1, $HYPER is gaining serious traction.

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