#特朗普税改

(2017 Tax Cuts and Jobs Act) aimed to stimulate the economy by reducing corporate tax rates (from 35% to 21%) and personal income tax, but its impact on the cryptocurrency space is complex.

The tax cuts boosted market confidence in the short term, with the US stock market rising in 2018, leading to a surge in the crypto market and a sharp increase in Bitcoin prices. However, the tax reform exacerbated the federal deficit (over $3 trillion in 2020), raised inflation expectations, prompted the Federal Reserve to raise interest rates, and tightened liquidity in the crypto market, leading to a crash in 2022. Recently, Trump has advocated for crypto-friendly policies, such as a national Bitcoin reserve, which has improved sentiment in the crypto space, but high tariff policies may exacerbate inflation and further squeeze the valuation of crypto assets.

The crypto space needs to be wary of the volatility brought by policy uncertainty. What do you think? #cryptocurrency #economy