Bitcoin News Alerts | Daily BTC 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!
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Trump's Tax Proposal
- President Trump proposes abolishing taxes for those earning under $150,000 yearly.
- This includes eliminating Bitcoin capital gains tax, according to U.S. Commerce Secretary Howard Lutnick.
Stablecoin Supply and Bull Cycle
- The rising $219 billion stablecoin supply suggests a mid-bull cycle, not a market top.
- Increased stablecoin inflows to exchanges signal potential buying pressure and growing investor appetite.
Sachs' Divestment
- David Sachs, White House AI and crypto czar, sold over $200 million in crypto and stocks before assuming his role.
- This included holdings in Bitcoin, Ether, Solana, and stakes in Coinbase, Robinhood, and private digital asset companies.