Canceling capital gains tax can indeed make Bitcoin truly circulate, rather than always lying dormant in cold wallets waiting for appreciation. Strive's move this time shows quite foresight.

CryptoWorld News reports that Matthew Cole, CEO of Strive Asset Management, stated that the company supports the abolition of capital gains tax on Bitcoin transactions in the United States to promote Bitcoin usage. Cole pointed out that removing the capital gains tax would encourage people to use Bitcoin for payments rather than just as an investment asset. He said that Strive is actively working with policymakers to push this initiative. Cole also mentioned that although policy changes may take time, the company will continue to pursue this goal. Recently, Strive also increased its Bitcoin reserves, purchasing 2,500 Bitcoin between May 23 and June 1, bringing its total holdings to 19,000 Bitcoin.