The White House confirmed that President Trump supports exempting small-scale Bitcoin and cryptocurrency transactions from capital gains tax, aiming to reduce compliance barriers for everyday spending. However, Bitcoin's core advantage lies in its long-term value as a sovereign scarce asset, rather than the convenience for daily shopping. Even if tax policies are adjusted, Bitcoin's volatility and the opportunity cost of using it for small transactions remain significant obstacles.
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The White House confirmed that President Trump supports exempting small-scale Bitcoin and cryptocurrency transactions from capital gains tax, aiming to reduce compliance barriers for everyday spending. However, Bitcoin's core advantage lies in its long-term value as a sovereign scarce asset, rather than the convenience for daily shopping. Even if tax policies are adjusted, Bitcoin's volatility and the opportunity cost of using it for small transactions remain significant obstacles.