Here is How High XRP May Reach with Possible Incoming Zero Capital Gains Tax
The post Here is How High XRP May Reach with Possible Incoming Zero Capital Gains Tax appeared on BitcoinEthereumNews.com.
In a bold and optimistic tweet, the crypto analyst behind the The Modern Investor YouTube channel has suggested that a two-digit price target for XRP is “confirmed.” The analyst claims that a confirmation of “no capital gains tax” by the U.S. government under Trump’s presidency would trigger a massive surge in the prices of major cryptocurrencies, particularly XRP and Cardano (ADA). According to the tweet, the prices of XRP and ADA could skyrocket to $10 in the coming months—if not sooner. The Power of Tax Policy on Crypto Prices The idea of eliminating capital gains tax on crypto investments has long been a topic of discussion. Many investors believe such a policy would encourage more institutional and retail adoption by removing one of the biggest barriers to large-scale participation in the market. Tax relief could theoretically push crypto prices to new heights as more people would feel incentivized to hold their investments without the looming threat of hefty tax bills. While the claim from the Modern Investor is speculative, it taps into growing optimism about the future of crypto markets under favorable regulatory conditions. In January, reports suggested that Eric Trump, Donald Trump’s son, confirmed that U.S.-based cryptocurrencies like XRP may be exempt from capital gains tax. Meanwhile, non-U.S. crypto projects could face taxes of around 30%. This development aligns with ongoing discussions about the Trump administration prioritizing American crypto assets. Trump has officially announced that U.S.-based crypto assets like XRP, Solana, and Cardano will be part of the proposed national crypto Stock Pile. In his tweet, The Modern Investor singled out XRP and ADA as potential winners. His $10 price prediction for both XRP and ADA suggests a favorable U.S. tax policy could lead to broader adoption of these cryptocurrencies. DisClamier: This content is informational and should not be…
Filed under: News - @ March 7, 2025 9:29 pm