Trump's tax reform policy has had multiple impacts on Bitcoin (BTC):

Firstly, in terms of policy support and strategic reserves, Trump intends to include Bitcoin in the U.S. strategic reserves and may even use tariff revenues to directly purchase Bitcoin. This move has boosted market confidence, pushing BTC prices to temporarily break through $95,000.

Secondly, in terms of regulation, Trump supports reducing interventions in cryptocurrency within the tax reform. The SEC may loosen restrictions, which has attracted more institutional funds, leading to record single-day net inflows for Bitcoin ETFs.

Thirdly, regarding capital gains tax adjustments, if the tax rate can be lowered to 15% or lower, it would reduce trading costs and stimulate both retail and institutional participation.

Fourthly, concerning miner costs, the tariff policy has increased the import costs of mining machines, for instance, the tax rate has reached 36%. However, the grace period has also provided time for appropriate adjustments.

Fifthly, regarding market volatility, the uncertainty of the policy has caused BTC prices to experience severe fluctuations. For example, in April, the price dropped 3% in one day due to tariff news, and then rebounded due to tax reform expectations.

Overall, the tax reform has played a role in boosting BTC prices in the short term, but the long-term impact will depend on the implementation of the policy and the stability of the market. #特朗普税改 $BTC