So it appears that the rumor is Trump is going to eliminate capital gains tax on crypto this Friday. I’ll believe it when I see it, but that would be one hell of a gift. If the market can get back to new highs with the states and a strategic reserve buying plan things will get extremely exciting in a hurry.
Would definitely be nice. And justified in my opinion. The market doesn't seem to agree though.
Wall Streeters live by
faking the major moves.
That said, IF this is what would happen, I wonder how this would affects ETFs since they are related, but not the same?
IMHO, this would also result in some OGs selling...and, maybe, it is designed to cause exactly this...selling into the BSR, perhaps.
EDIT: The big winners would be Coinbase and, perhaps, Kraken as it would dramatically increase trading volumes.
It would result in a fair bit of OGs selling IMO, but perhaps demand would outweigh it. Very low chance of happening though. I'm just hoping for some kind of announcement that ends all this "crypto" speculation about what's going to happen or isn't. Honestly, this whole thing is leaving a very bad taste in my mouth.