Michael Saylor, the founder of MicroStrategy, one of the companies that buy the most Bitcoin in the world, made a claim about Donald Trump, the biggest candidate of the US elections according to Polymarket odds, in his statement.
According to Saylor, Trump is considering removing taxes on Bitcoin for US citizens.
According to Saylor, Trump said the following regarding his Bitcoin plans in his speech:
“They want citizens to pay taxes on cryptocurrencies, and I don't think that's right. 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.”
Donald Trump made numerous statements in favor of cryptocurrencies before this election, and it is thought that this was done specifically to win over crypto-focused voters. On the other hand, Kamala Harris is taking a more cautious stance on this issue. While both candidates are expected to soften their current cryptocurrency policies if elected, the cryptocurrency market is interpreting that Donald Trump's presidency will be a more bullish development.
*This is not investment advice.