Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1934: “Trump Set to Abolish ALL Taxes Including on Bitcoin And U.S. Crypto”
Mar 16, 2025
President Trump proposes abolishing taxes for individuals earning under $150,000, including capital gains tax on Bitcoin. The podcast discusses Bitcoin's potential price surge and BlackRock's substantial investments in the crypto market. Insights on market manipulation and strategies to influence interest rates raise eyebrows. The impact of tax reforms on American taxpayers and a vision for Puerto Rico's economic future as a crypto hub are also explored. It's a captivating dive into the intersection of politics and the cryptocurrency landscape!
43:11
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Trump's proposal to eliminate taxes on incomes under $150,000, including Bitcoin capital gains, could reshape financial burdens for many.
- The cryptocurrency market's optimism is reflected in the rising stablecoin supply and improved Bitcoin basis rate amidst ongoing volatility.
Deep dives
Bitcoin Market Outlook
Bitcoin is experiencing signs of recovery, with metrics suggesting it could reclaim the $90,000 mark soon. Despite a recent dip and struggles to maintain levels above $85, traders remain optimistic as historical data indicates resilience from the cryptocurrency. The Bitcoin basis rate has improved, reflecting a more positive sentiment from leveraged buyers, while professional traders are showing less urgency to hedge against potential downturns. Analysts also highlight that Bitcoin is still significantly impacted by traditional markets, which raises concerns about its correlation to economic conditions.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
