List of Flash News about crypto tax bill
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08:03 |
Bitcoin (BTC) Price Analysis: Trump's Fiscal Policy Boosts Case for BTC as Inflation Hedge, Crypto Tax Provision Fails in Senate Bill
According to @rovercrc, former President Trump's statement that economic growth will offset fiscal deficits is strengthening the investment case for Bitcoin (BTC) and gold as inflation hedges. The source cites crypto analyst Will Clemente, who suggests this loose fiscal policy makes long-term U.S. treasuries less attractive compared to hard assets like Bitcoin. From a technical perspective, BTC traded within a range of $107,194 to $108,489, establishing support at $107,300. However, in a significant development for traders, a crypto-friendly tax provision proposed by Senator Lummis was not included in the budget bill that advanced from the Senate, representing a regulatory setback. |