#TrumpTaxCuts 🔴 Trump proposes tax cuts with revenue from tariffs: What impact will it have on cryptos?
Trump announced that he will reduce or eliminate income taxes for Americans earning less than $200,000, funded by new 20% tariffs on imports. While it promises to stimulate job creation, it could also create inflationary pressure and increase the cost of goods.
How will this affect the crypto market?
Rising inflation: Inflation could lead more investors to seek refuge in Bitcoin and other cryptocurrencies as alternative assets.
Impact on the adoption of crypto assets: If fiscal and trade tensions rise, digital assets could become a safe haven amid economic uncertainty.
💬 Do you think this policy will further boost the adoption of cryptos?