#特朗普税改

📌 Core Tax Reform Provisions Impact Chain:

• Corporate tax reduced to 15%: Companies like MicroStrategy may reduce their coin holding costs, potentially triggering a new wave of 'balance sheet BTC adoption'

• Capital gains tax capped at 25%: Compared to the current maximum of 37%, long-term holders are incentivized to cash out, but this may stimulate a short-term profit-taking surge

• Overseas profit repatriation tax-exempt: U.S. companies may transfer overseas funds through cryptocurrency channels (like USDT), leading to a restructuring of on-chain stablecoin liquidity

💼 Two-way Game in the Crypto Market:

✅ Positive Logic:

- Expectations of U.S. dollar depreciation are rising (historical data shows that for every 1% decrease in corporate tax, the dollar index drops by 0.8%), increasing demand for $BTC as a hedge

- Tax friction for institutions allocating to cryptocurrency is reduced, with BlackRock's spot ETF potentially seeing inflows exceeding $500 million in a single day