US Bitcoin Tax Policy Lagging Behind Germany
Analysis
Price Impact
MedThe comparison highlights how favorable tax policies (like germany's 0% capital gains after 1 year) can significantly incentivize long-term bitcoin holding. while the us policy remains restrictive, the public debate and call for reform could signal future positive changes, which would be bullish for adoption.
Trustworthiness
HighThe article quotes a recognized industry voice (pierre rochard) and details verifiable tax policies in germany and switzerland, contrasting them with the us approach. the information is factual and well-supported.
Price Direction
NeutralCurrently, the us tax policy for bitcoin is seen as a deterrent, potentially hindering wider adoption and usage due to its complexity. however, the explicit call for tax reform, drawing inspiration from more favorable policies abroad, introduces a potential long-term bullish catalyst. if the us were to adopt similar policies, it would significantly encourage long-term holding and reduce selling pressure. for now, it highlights a friction point that, if resolved, could be highly positive.
Time Effect
LongChanges in tax policy or the broader impact of current policies on investment behavior and adoption tend to unfold over extended periods, typically months to years, rather than days or weeks.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News The German standard What about other European countries? Advertisement The United States keeps debating the complexities of regulating thousands of new crypto tokens, but Bitcoin advocates are warning that the country is missing the forest for the trees. Pierre Rochard, a widely quoted voice in the industry, argued on Sunday that the U.S. tax code is severely "lagging" behind Germany, specifically in how it penalizes long-term savers. “Bitcoin tax policy in the US is lagging Germany and many other countries. We don’t need more tokens and stablecoins, we need tax reform,” he said. The German standard In the United States, Bitcoin is treated as property for tax purposes, meaning every sale or transaction (whether it’s selling $1 million worth or buying a cup of coffee) is a taxable event subject to capital gains. Advertisement Germany, however, has adopted a policy that many Bitcoiners view as the "gold standard" for adoption: German residents who hold Bitcoin for more than one year pay 0% tax on the capital gains when they sell or spend it. What about other European countries? In Germany, gains on crypto held for more than 1 year are tax-exempt (0%). Advertisement When it comes to Switzerland, capital gains are generally tax-free (0%) for individuals investing personal wealth. #Bitcoin News