Do you remember the big news that Trump's team released on Twitter, planning to eliminate the capital gains tax on cryptocurrencies issued by American companies? Now, there is only one month left until Trump officially takes office!
What does this mean? Simply put, the cryptocurrency gains earned by investors can be tax-free! This is the 'ultimate benefit' that friends in the crypto circle have been dreaming of! 💰✨
Why is this news so popular?
First of all, the original intention of cryptocurrency is to become a peer-to-peer online payment tool, but in reality, achieving this is still quite difficult. Every time you pay with cryptocurrency, you have to record the transaction and declare taxes, which is really troublesome.
And now, if capital gains tax is eliminated, investors won't have to worry about those possibly trivial gains and losses, which undoubtedly presents a great gift to everyone!
Why can't Bitcoin and Ethereum benefit?
However, this good news has a 'premise': it only applies to cryptocurrencies issued by American companies. That said, Bitcoin and Ethereum, the 'big brothers', are representatives of decentralization and are not issued by any American company. Therefore, they cannot enjoy this wave of tax-free benefits. 😕
Only cryptocurrencies with a higher degree of centralization have the chance to enjoy this wave of tax-free benefits. So, which cryptocurrencies can benefit? Let's look at the list:
Solana 🚀
Cardano 🌿
Polygon (MATIC-USD) 🌀
FileCoin 📂
Sandbox (SAND-USD) 🏖️
Axie Infinity (AXS-USD) 🐉
Flow 🌊
Internet Computer (ICP-USD) 🌐
Near (NEAR-USD) 🔍
Investors in these cryptocurrencies are simply blessed! Once the tax-free policy is implemented, everyone’s investment enthusiasm will definitely rise, and market activity will increase significantly, so it's not too late to buy in now.
However, don't forget that policies change quickly, and investment needs to be cautious; don't let temporary good news cloud your judgment! 😉
If all goes well, the U.S. does have the opportunity to occupy a more important position in the global crypto field. However, the specific effects will depend on how policies are implemented and the market's reaction. Friends in the crypto circle, while seizing the opportunity, also need to manage risks and navigate this wave of 'tax-free dividends' steadily! 🚀💸
What do you think about this 'ultimate operation' by Trump's team? Feel free to share your thoughts in the comments!
