Recently, there has been quite an explosive piece of news circulating in the community – a member of the U.S. Congress has proposed a new bill to elevate Bitcoin to the status of "national strategic reserve asset."

In simple terms: it means to view BTC on the same level as hard currencies like gold and oil. What's even more astonishing is that this proposal also aims to exempt capital gains tax incurred when paying taxes with Bitcoin.

What does it mean? In the past, if you took your appreciated Bitcoin to pay taxes, you had to first pay a tax based on the "difference between the selling price and the buying price", and then you could use the remaining amount to offset your tax payment. Now this proposal aims to remove that layer of tax directly, allowing you to pay taxes with BTC, with zero additional costs.

If this really takes off, the impact could be significant:

First of all, the national recognition of the "strategic value" of Bitcoin represents a qualitative leap in confidence for the entire cryptocurrency market. It is no longer a speculative product of trivial matters, but a "hard asset" that can enter the national treasury.

Secondly, tax exemptions will directly stimulate the actual application scenarios of Bitcoin. In the past, many people were hesitant to use BTC for payments due to fears of triggering tax issues. Now that policies have been relaxed, the payment attribute naturally comes back to life.

Of course, this is still in the proposal stage, and whether it can be passed and when it will be passed are unknowns. But at least it indicates one thing: the mainstream world's attitude towards Bitcoin is changing from "not understanding" to "appreciating".

The market always fluctuates with expectations. This news itself is a signal that is worth keeping an eye on.