Michael Saylor, the founder of MicroStrategy, a leading purchaser of Bitcoin, has revealed a statement attributed to Donald Trump regarding the cryptocurrency. According to Saylor, Trump is allegedly considering eliminating taxes on Bitcoin for U.S. citizens. In his speech, Trump reportedly expressed his belief that citizens should not be required to pay taxes on cryptocurrencies, stating, “Bitcoin is money, and if you use Bitcoin even to buy coffee, do you have to pay capital gains tax? I was talking to a friend of mine and he said it really shouldn’t be taxed, and I agree with that.”
Prior to the election, Trump made several pro-cryptocurrency statements, seemingly aimed at winning over voters in the crypto community. Conversely, Kamala Harris has taken a more cautious approach to the issue. While it is expected that both candidates would relax their current cryptocurrency policies if elected, the cryptocurrency market views Trump’s potential presidency as a more positive outcome.
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