In a world where digital assets are rapidly becoming the cornerstone of global finance, the United States stands at a crossroads. The Trump administration has emphasized its commitment to making everyday Americans richer. From promising to restore economic strength on the campaign trail to appointing progressive advisers, the White House appears poised to enter a new era of financial freedom. But if President Trump really wants to increase wealth creation for average citizens – and establish the US as the leading “world”Superpower Bitcoin– his administration must adopt a bold, transformative policy: eliminate capital gains taxes on Bitcoin.
Winds of change: lessons from abroad
The Czech Republic recently made headlines when the Parliament voted overwhelmingly to exempt capital gains from Bitcoin and the sale of other crypto assets from personal income tax – while they have been held for more than three year and meet certain income levels. This is not an isolated incident. Countries like Switzerland, Singapore, the United Arab Emirates, El Salvador, Hong Kong, and parts of the Caribbean have long recognized that zero or minimal capital gains tax on Bitcoin can help spur adoption, new -financial efficiency, and consumer confidence.
As John F. Kennedy famously said, “A rising tide lifts all boats.“If we apply that logic to economic growth through Bitcoin, the tide is global—and it's rising fast. In the wake of a sea of global liquidity and debt, America's economic ship must navigate these digital currents. The policy choices of these countries – and the wealth of their citizens – send a powerful signal: The US can and should leverage Bitcoin as a tool for growth, without burdening it with outdated tax models.
Trump's own words: Path to Success
President Trump himself has indicated his willingness to reconsider Bitcoin taxes. “They have to pay a tax on crypto, and I don't think that's right,” he said in a recent interview, echoing the frustration of millions of Americans who find it absurd to pay capital gains taxes after using Bitcoin to buy something as small as a cup to buy coffee. “Bitcoin is money, and you have to pay capital gains tax if you use it to buy coffee?” he asked rhetorically, highlighting how the current laws discourage everyday transactions. He said, “Maybe we'll get rid of taxes on crypto and replace them with tariffs.“
This idea is not just a rhetorical success. Trump, who spoke at the Bitcoin Conference 2024 in Nashvillehe called his vision for America to be like the whole world “Superpower Bitcoin.“He also promises”Make Bitcoin in America,” turning the US into a hotbed of Bitcoin innovation. In addition, he appointed PayPal Chief Operating Officer David Sacks as his 'White House AI & Crypto Czar' on December 5 – a move widely seen as a step towards putting forward-looking crypto policies the action.
BITCOIN ACT 2024: A Strategic Reserve for the People
The US has already taken important steps in this regard. BITCOIN ACT OF 2024 mandates that all Bitcoin held by any federal agency be transferred to the Treasury Department to be held in a strategic Bitcoin reserve. Over five years, the Treasury must buy one million Bitcoins, holding them in trust for the United States. This government-level gathering shows a long-term vision for the inclusion of Bitcoin in the national financial strategy. But why stop there? Eliminating capital gains tax on Bitcoin would create a positive feedback loop between national policy and personal wealth. Since the federal government invests and holds Bitcoin, private citizens could do the same without facing punitive tax obligations.
Serving the Daily American
For everyday Americans, the cost of living and stagnant inflation were central to President Trump's re-election campaign. Traditional strategies – interest rate manipulation, quantitative easing – often amount to rearranging the deck chairs on a sinking ship when there are very systematic economic challenges. Bitcoin offers a life raft – dare we say, a digital Noah's Ark – for Americans trying to preserve and grow their wealth against the eroding forces of inflation. Removing capital gains taxes on Bitcoin would allow citizens to trade, invest and save in stable, finite assets without draining federal taxes on each incremental gain.
The ripple effect here is clear: More people accepting Bitcoin as a store of value and medium of exchange means stronger demand, which could further support the strategic holdings of the US Treasury. It's a virtuous circle, a positive feedback loop. As Bitcoin's value grows, so does the nation's wealth base – helping to pay down the national debt, strengthening the dollar's hegemony in global trade, and truly making Americans richer and more secure.
Why America Needs Bitcoin
Bitcoin is no longer a niche experiment reserved for a small band of enthusiasts. It has become an urgent mainstream priority for everyday Americans – especially the rising generation that will shape our nation's future economy. This is not some ideological appeal; it is a practical fact, backed by data. According to the Stand with Crypto Alliancenon-profit dedicated to transparent blockchain policies, more than 52 million Americans now own some form of cryptocurrency. Nearly nine out of ten Americans believe the financial system needs to be updated, and 45% say they would not support candidates who stand in the way of crypto innovation. These numbers represent a broad, cross-partisan accommodation: Stand With Crypto research shows that 18% of Republicans, 22% of Democrats, and 22% of Independents hold crypto. This cuts through the usual tribal politics and points to a fundamental truth – Bitcoin is now the talking point of national policy, not a side note on a side table.
The call for America to lead is clear. 53% of Americans want crypto companies to be based in the US, ensuring that technological innovation and the wealth it creates stays on home soil. Among Fortune 500 executives, 73% prefer US-based partners for their crypto and Web3 ventures, indicating the desire to keep American corporations at the forefront of global financial progress.
Failure to act now risks a replay of past mistakes. America once led the world in advanced manufacturing, but today 92% of the most sophisticated semiconductor production is in Taiwan and South Korea. We cannot transfer the future financial position to other sectors. Bitcoin is not just another investment class; it is the digital backbone of a rapidly evolving monetary system. If the US wants to preserve its economic hegemony, maintain innovation leadership, and ensure that everyday Americans have access to a sustainable, growth-based financial future, it must embrace Bitcoin wholeheartedly. By doing so, the country can secure its place as a global Bitcoin superpower – uplifting our citizens, strengthening our economic base, and protecting our strategic interests in the economy digital in the 21st century.
America, registering the Course
By aligning with global best practices and implementing progressive policies, the US can position itself as a beacon of financial freedom and technological innovation. Eliminating the capital gains tax on Bitcoin would signal to investors, entrepreneurs, and everyday citizens that America is serious about leading the digital economy of the 21st century. It's not just about being “Bitcoin-friendly”; it's about making sure average Americans have the tools they need to navigate turbulent economic waters.
The complexity and tax inefficiency of all digital transactions is an unnecessary burden on innovation and everyday life. Americans deserve better – they deserve the freedom to trade in a digital world without punitive controls.
Indeed, this is America's chance to do what it has always done best: innovate, change and lead. Removing capital gains taxes on Bitcoin wouldn't just fulfill a campaign promise; it would set the stage for long-term prosperity, empower citizens to secure their financial futures, and confirm the United States as the world's leading Bitcoin champion. A tide, of course, lifts all boats – and what better ship to launch than the Bitcoin Ark, with a visionary captain who wants to Make America Great Again?
This article is a Take. The views expressed are entirely those of the author and do not necessarily reflect the views of BTC Inc or Bitcoin Magazine.
