Do you remember the big news that Trump's team announced on Twitter about planning to eliminate the capital gains tax on cryptocurrencies issued by American companies? Now there's only one month left until Trump officially takes office!
What does this mean? Simply put, the crypto gains that investors earn can be tax-free! This is the 'ultimate benefit' that friends in the crypto community 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 challenging. Every time you use cryptocurrency for payment, you have to record the transaction and report taxes, which is really troublesome.
And now, if the capital gains tax is removed, investors won't have to worry about those possibly trivial gains and losses, which is undoubtedly a great gift for everyone!
Why can't Bitcoin and Ethereum benefit?
However, this good news comes with a 'premise': it only applies to cryptocurrencies issued by American companies. That being 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 will have the chance to enjoy this wave of tax-free benefits. So, which cryptocurrencies can benefit? Let's take a 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 surely soar, and market activity will significantly increase, so it's not too late to buy in and set up a position now.
However, don't forget, policies change rapidly, and investments require caution; don't let temporary good news cloud your judgment! 😉
If everything goes smoothly, the U.S. does have a chance to occupy a more significant position in the global crypto space. However, the specific effect will depend on how policies are implemented and how the market reacts. Friends in the crypto community, while seizing opportunities, also need to manage risks well and play steadily with this wave of 'tax-free dividends'! 🚀💸
What do you think about this 'ultimate operation' by Trump's team? Feel free to share your thoughts in the comments!
