Tip: Bitcoin investors will benefit from Trump's tax cuts

According to The Decrypt, Trump has promised to cut taxes on investments if he is re-elected. It's a long way to go, but if it does happen, Bitcoin's prospect will be significant. Roger Brown, chief tax officer and managing director of accounting firm Lukka, said the decline in capital gains could boost the cryptocurrency market. If the drop in interest rates is short, long-term taxpayers on cryptoassets might try to make a profit by selling cryptoassets. In other words, lower investment tax receipts (tax receipts from the sale of real estate, real estate investments, or cryptocurrency) can be beneficial for short-term investors. However, Roger Brown warned that traders could not sell their products until the end of the tax period, which could lead to lower prices.