**Crypto News Update**
**Bitcoin: A Bold Statement from Michael Saylor on Donald Trump’s Plans**
MicroStrategy’s founder, Michael Saylor, has recently shared a noteworthy quote attributed to Donald Trump regarding Bitcoin.
In a statement, Saylor highlighted that Trump, who is currently a leading candidate in the upcoming U.S. elections according to Polymarket odds, is contemplating the elimination of taxes on Bitcoin transactions for American citizens.
Saylor relayed Trump’s remarks about his vision for Bitcoin, saying, “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.”
**Related News**
In a recent development, Reddit has announced the sale of its Bitcoin and Ethereum holdings—details to follow.
Trump has made several pro-cryptocurrency statements leading up to this election, likely aiming to attract voters who are enthusiastic about digital currencies. In contrast, Kamala Harris has adopted a more cautious approach regarding cryptocurrency. While both candidates may adjust their current cryptocurrency policies if elected, the market is leaning towards a more favorable outlook under a Trump presidency.
*Please note that this is not investment advice.*
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