Florida is making waves in the cryptocurrency world as it moves closer to becoming the first state to eliminate capital gains taxes on Bitcoin, XRP, and stocks. Analysts say this regulatory shift could help
push Bitcoin’s price toward $135,000 within the next 100 days.
Florida’s Zero Capital Gains Tax: A Game-Changer for Crypto Investors
A newly proposed bill in Florida seeks to
exempt capital gains taxes on Bitcoin, XRP , and even traditional stock investments. If passed, this would mark the first state-level removal of capital gains
taxes on digital assets , a significant departure from federal tax policies.
Key highlights of the Florida proposal:
Supporters argue this could position Florida as a
national crypto hub , drawing both retail and institutional investors. Critics, however, caution that it could complicate tax compliance and create disparities with federal regulations.
$135K Bitcoin Price in Sight? Analysts Point to Key Volatility Indicator
As Florida flirts with crypto-friendly tax reforms, market analysts remain
bullish on Bitcoin’s price trajectory . According to recent data, a key volatility indicator is signaling a potential surge toward
$135,000 within the next 100 days . Crypto analyst Keith Alan from Material Indicators highlighted that Bitcoin’s
“Volatility Guppy” — a technical analysis tool measuring price band contractions and expansions — remains in a bullish posture despite recent market choppiness.
Factors supporting the $135K Bitcoin price target:
Alan noted, however, that short-term price fluctuations are likely, with potential dips toward $90,000 as part of normal market corrections before any parabolic breakout.
The Bigger Picture: Policy Meets Price Action
Florida’s move to eliminate capital gains taxes on Bitcoin could further fuel bullish momentum by incentivizing more investment in digital assets. Combined with favorable market indicators, the synergy of policy support and technical signals paints a promising picture for Bitcoin’s medium-term outlook.
Conclusion: Is Bitcoin and XRP’s Next Bull Run Already in Motion?
With regulatory winds shifting in states like Florida and market indicators flashing green, Bitcoin’s path to $135,000 seems increasingly plausible. While caution remains warranted amid global economic uncertainties, the convergence of policy and price catalysts could set the stage for Bitcoin’s next explosive rally.
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