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image caption
Trump’s Moment to Lead: Removing Capital Gains Taxes on Bitcoin Could Secure
U.S. Dominance.
Takes


WHY TRUMP MUST END CAPITAL GAINS TAX ON BITCOIN

By eliminating capital gains taxes on Bitcoin, the Trump administration can spur
U.S. innovation, strengthen the nation’s economic sovereignty, and ensure
everyday Americans gain equal footing in the world’s rapidly evolving digital
economy.
 * Author:
   Mark Mason
 * Publish date:
   6 hours ago



By eliminating capital gains taxes on Bitcoin, the Trump administration can spur
U.S. innovation, strengthen the nation’s economic sovereignty, and ensure
everyday Americans gain equal footing in the world’s rapidly evolving digital
economy.

 * Home
 * Markets

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In a world where digital assets are quickly becoming a cornerstone of global
finance, the United States stands at a crossroads. The Trump administration has
repeatedly emphasized its dedication to making everyday Americans more
prosperous. From pledging to restore economic strength on the campaign trail to
appointing forward-thinking advisors, the White House seems poised to usher in a
new era of financial freedom. But if President Trump truly wants to supercharge
wealth creation for average citizens—and establish the U.S. as the world’s
leading “Bitcoin Superpower”—his administration must embrace a bold,
transformative policy: eliminate capital gains taxes on Bitcoin.



This global map shows how various countries tax (or don’t tax) Bitcoin after one
year. Many green jurisdictions, including those in parts of Europe, the
Caribbean, and Asia, have chosen to exempt long-term Bitcoin holdings from
capital gains tax.


THE WINDS OF CHANGE: LESSONS FROM ABROAD

The Czech Republic recently made headlines when its Parliament overwhelmingly
voted to exempt capital gains from Bitcoin and other crypto-asset sales from
personal income tax—provided they’re held for more than three years and meet
certain income thresholds. This is not an isolated event. Countries like
Switzerland, Singapore, the United Arab Emirates, El Salvador, Hong Kong, and
parts of the Caribbean have long recognized that zero or minimal capital gains
taxation on Bitcoin can help spur adoption, financial innovation, and consumer
confidence.





As John F. Kennedy famously said, “A rising tide lifts all boats.” If we apply
that logic to economic growth through Bitcoin, the tide is global—and it’s
rising fast. In a sea awash with global liquidity and debt, America’s economic
ship must navigate these digital currents. These nations’ policy choices—and
their citizens’ increasing prosperity—send a powerful signal: The U.S. can and
should leverage Bitcoin as a tool for growth, not burden it with outdated
taxation models.




TRUMP’S OWN WORDS: A PATH TO PROSPERITY

President Trump himself has indicated a willingness to rethink Bitcoin taxation.
“They have them paying tax on crypto, and I don’t think that’s right,” he said
in a recent interview, echoing the frustrations of millions of Americans who
find it absurd to pay capital gains taxes after using Bitcoin to purchase
something as small as a cup of coffee. “Bitcoin is money, and you have to pay
capital gains tax if you use it to buy a coffee?” he asked rhetorically,
highlighting how current laws discourage everyday transactions. He added, “Maybe
we get rid of taxes on crypto and replace it with tariffs.”

This sentiment isn’t just rhetorical flourish. Trump, who spoke at the Bitcoin
2024 Conference in Nashville, proclaimed his vision for America to become the
world’s “Bitcoin Superpower.” He’s also pledged to “Make Bitcoin in America,”
turning the U.S. into a leading hub of Bitcoin innovation. Moreover, he
appointed former PayPal Chief Operating Officer David Sacks as his 'White House
A.I. & Crypto Czar' on December 5—a move widely seen as a step toward
implementing forward-looking crypto policies.






THE BITCOIN ACT OF 2024: A STRATEGIC RESERVE FOR THE PEOPLE

The U.S. has already taken monumental steps in this direction. The BITCOIN Act
of 2024 mandates that all Bitcoin held by any federal agency be transferred to
the Treasury to be held in a strategic Bitcoin reserve. Over five years, the
Treasury must purchase one million Bitcoins, holding them in trust for the
United States. This government-level accumulation shows a long-term vision for
incorporating Bitcoin into national financial strategy. But why stop there?
Eliminating capital gains tax on Bitcoin would create a positive feedback loop
between national policy and personal prosperity. As the federal government
invests and holds Bitcoin, private citizens could do the same without facing
punitive tax obligations.




SERVING THE EVERYDAY AMERICAN

For everyday Americans, the cost of living and the sting of inflation were focal
points of President Trump’s reelection campaign. Traditional strategies—interest
rate manipulations, quantitative easing—often amount to rearranging deck chairs
on a sinking ship when confronted with truly systemic economic challenges.
Bitcoin offers a life raft—dare we say, a digital Noah’s Ark—for Americans
trying to preserve and grow their wealth against the erosive forces of
inflation. Removing capital gains taxes on Bitcoin would allow citizens to
transact, invest, and save in a stable, finite asset without the drain of
federal taxes on every incremental gain.





The ripple effect here is clear: More people adopting Bitcoin as a store of
value and medium of exchange means stronger demand, which could further buttress
the U.S. Treasury’s strategic holdings. It’s a virtuous cycle, a positive
feedback loop. As Bitcoin’s value grows, so does the nation’s wealth
base—helping pay down national debt, bolstering the dollar’s hegemony in global
trade, and genuinely making Americans richer and more secure.


WHY AMERICA NEEDS BITCOIN

Bitcoin is no longer a niche experiment reserved for a small band of
enthusiasts. It has evolved into a mainstream, urgent priority for everyday
Americans—especially the rising generation that will shape our nation’s future
economy. This is not some ideological plea; it’s a practical, data-backed
reality. According to the Stand With Crypto Alliance, a non-profit dedicated to
transparent blockchain policies, more than 52 million Americans now own some
form of cryptocurrency. Nearly nine in ten Americans believe the financial
system needs updating, and 45% say they would not support candidates who stand
in the way of crypto innovation. These numbers represent a sweeping,
cross-partisan groundswell: Stand With Crypto’s research shows that 18% of
Republicans, 22% of Democrats, and 22% of Independents hold crypto. This cuts
through the usual tribal politics and points to a fundamental truth—Bitcoin is
now a national policy talking point, not a side note on a fringe agenda.






The demand for America to lead is clear. 53% of Americans want crypto companies
to be U.S.-based, ensuring that technological innovation and the wealth it
generates remain on home soil. Among Fortune 500 executives, 73% prefer
U.S.-based partners for their crypto and Web3 initiatives, signaling a corporate
desire to keep America at the forefront of global financial progress.

Failing to act now risks a replay of past mistakes. America once led the world
in advanced manufacturing, yet today 92% of the most sophisticated semiconductor
production sits in Taiwan and South Korea. We cannot afford to cede the future
financial landscape to other regions. Bitcoin isn’t just another investment
class; it is the digital backbone of a rapidly evolving monetary system. If the
U.S. wants to preserve its economic hegemony, maintain innovation leadership,
and ensure everyday Americans have access to a stable, growth-oriented financial
future, it must embrace Bitcoin wholeheartedly. In doing so, the nation can
secure its place as the global Bitcoin superpower—uplifting our citizens,
strengthening our economic base, and safeguarding our strategic interests in the
21st-century digital economy.


AMERICA, CHARTING THE COURSE

By aligning with global best practices and enacting forward-thinking policies,
the U.S. can position itself as a beacon of financial liberty and technical
innovation. Eliminating capital gains tax on Bitcoin would signal to investors,
entrepreneurs, and everyday citizens that America is serious about leading in
the 21st century’s digital economy. It’s not just about being
“Bitcoin-friendly”; it’s about ensuring that average Americans have the tools
they need to navigate turbulent economic waters.






The complexity and inefficiency of taxing every digital transaction is an
unnecessary burden on innovation and everyday life. Americans deserve
better—they deserve the freedom to transact in a digital world without punitive
oversight.

In essence, this is America’s chance to do what it has always done best:
innovate, adapt, and lead. Removing capital gains taxes on Bitcoin wouldn’t just
fulfill a campaign promise; it would set the stage for long-term prosperity,
empower citizens to secure their financial futures, and cement the United States
as the world’s foremost Bitcoin champion. A rising tide, indeed, lifts all
boats—and what better vessel to embark upon than a Bitcoin Ark, captained by a
visionary administration determined to truly Make America Great Again?

This article is a Take. Opinions expressed are entirely the author's and do not
necessarily reflect those of BTC Inc or Bitcoin Magazine.


Tags
terms:
BitcoinUnited StatesTaxesTrump
By
Mark Mason
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