Trump's promises on cryptocurrency during his campaign are all substantial!
First, he said he wants to fire the current SEC chairman Gary Gensler, who has already announced he will leave on the day Trump takes office.
Then he plans to establish a national Bitcoin strategic reserve.
He also mentioned creating a Presidential Cryptocurrency Committee to specifically reform regulation.
He stated that he wants to ensure Bitcoin mining in the U.S. is cheap, citing that electricity costs only 5 cents in Arkansas.
With the current friendly U.S. policies towards cryptocurrency, the whole world is watching. The convenience of stablecoin settlements, combined with the U.S. not causing disruptions, naturally makes it a paradise for cryptocurrency!
Additionally, the U.S. CBDC plan has also been halted, and the stablecoin market will have the final say!
Trump has two major moves left to play: one is the Bitcoin strategic reserve, which is already in the works, although it still needs the approval of both houses of Congress.
The other is to eliminate the capital gains tax on Bitcoin trades, which would be a nuclear-level benefit!
Big players currently face a 37% tax on trading, and if that were eliminated, they would be overjoyed!
Consider that after Trump took office, the corporate tax rate dropped from 35% to 21%, and the U.S. stock market soared; if the capital gains tax on Bitcoin were reduced, it would likely skyrocket as well!
In the upcoming strategic direction, I will guide everyone to target the profitable opportunities in altcoins, with an expected growth potential of over 10 times being quite feasible. Like + comment, and I will take you along to layout for the entire bull market!
