The post MicroStrategy to Buy $25B Bitcoin? Speculation Grows Amid Trump’s No Crypto Tax Idea appeared on BitcoinEthereumNews.com.

Speculation surrounding MicroStrategy’s potential expansion into Bitcoin intensified after prominent BTC advocate Max Keiser hinted at an upcoming $25 billion stock offering by the company. Keiser, a well-known Bitcoin maximalist, suggested in a recent interview that MicroStrategy’s Executive Chairman, Michael Saylor, would initiate a substantial stock sale to fund additional Bitcoin acquisitions. MicroStrategy to Purchase Another $25 Billion in Bitcoin? Though unconfirmed, Keiser’s remarks quickly stirred excitement across social media. Moreover, netizens are considering the possibility credible given Saylor’s steadfast support for Bitcoin. Adding fuel to the fire, Saylor recently posted on X (formerly Twitter) a quote from Donald Trump voicing skepticism about crypto taxation. Trump’s statement argued, “They have them paying tax on crypto and I don’t think that’s right. Bitcoin is money, and you have to pay capital gains tax if you use it to buy a coffee?” Trump added that he’d spoken with a friend who remarked, “it really shouldn’t be taxed,” a sentiment he echoed by saying, “I agree.” Saylor’s amplification of Trump’s perspective highlights a developing debate on BTC taxation, especially its impact on everyday transactions. “They have them paying tax on crypto and I don’t think that’s right. #Bitcoin is money and you have to pay capital gains tax if you use it to buy a coffee? I was talking with a friend he said ‘it really shouldn’t be taxed’ and I agree.” – @realDonaldTrump — Michael Saylor⚡️ (@saylor) October 30, 2024 Crypto exchange Kraken also weighed in, noting that exempting Bitcoin purchases from capital gains tax could “be a huge step for Bitcoin adoption.” Many Bitcoin advocates argue that tax exemptions would simplify using Bitcoin as a medium of exchange, potentially driving broader adoption and incentivizing businesses to accept crypto. Moreover, Hours before Saylor’s post, MicroStrategy promoted itself as “The First Bitcoin Treasury…

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Filed under: News - @ October 30, 2024 5:23 pm