Missouri to Eliminate Crypto Capital Gains Tax as Bitcoin Soars to New Highs

Missouri on the Verge of Eliminating Capital Gains Tax for Crypto and Stocks

Missouri is poised to become the first U.S. state to eliminate capital gains tax entirely, a move that could have significant implications for holders of digital assets such as Bitcoin and XRP, as well as stock and real estate investors. Missouri House Bill 594, which has passed its final vote in the state legislature, now awaits the signature of Governor Mike Kehoe. If enacted, the bill would provide a 100% income tax deduction on all capital gains, including those from cryptocurrencies.

At the time of reporting, Bitcoin is trading above $104,000 and XRP is at $2.38, both showing gains in the last 24 hours as investors react to the news. Previously, Missouri taxed capital gains as ordinary income, with rates ranging from 0% to 4.7% depending on income brackets. For example, an individual with $350,000 in capital gains would have faced a state tax liability of approximately $16,273.55. The bill's passage comes shortly after former President Trump proposed a federal tax reform plan that would replace income tax with import tariffs, potentially reducing or eliminating income taxes for many Americans.

Asset	Current Price	Previous Tax Rate	Potential Tax Liability (on $350,000 gain)
Bitcoin	$104,000+	0% - 4.7%	$16,273.55
XRP	$2.38	0% - 4.7%	$16,273.55

Infobox: Missouri could soon offer a 100% capital gains tax deduction, making it the most tax-advantaged state for crypto and stock investors if Governor Kehoe signs House Bill 594. (Source: TheStreet)

Vivek Ramaswamy Launches Bitcoin Treasury Company with Ambitious $1 Billion Goal

Vivek Ramaswamy, known for his anti-ESG ETF ventures, is entering the crypto space with a new Bitcoin treasury company. The initiative features a 'mad science' twist, including a reverse merger and tax-advantaged investments, with the aim of building a $1 billion crypto reserve. This move is linked to President Trump's March 2 executive order, which announced the formation of a government Bitcoin crypto reserve.

The company plans to leverage political tailwinds and innovative financial structures to amass a significant Bitcoin holding. Ramaswamy's strategy is seen as a response to evolving regulatory and market conditions, and it highlights the growing intersection between traditional finance, politics, and digital assets.

Infobox: Vivek Ramaswamy is targeting a $1 billion Bitcoin reserve through a new treasury company, utilizing reverse mergers and tax-advantaged structures. (Source: RIABiz)

BlackRock’s IBIT Achieves Longest Net Inflow Streak Among Spot Bitcoin ETFs in 2025

BlackRock’s spot Bitcoin ETF, IBIT, has recorded the longest streak of net inflows among all spot Bitcoin ETFs in 2025, with a 20-day run that has attracted over $5 billion. Goldman Sachs has become the largest holder of IBIT shares, increasing its holdings by 28% during the first quarter of 2025.

These substantial inflows are seen as a key factor supporting Bitcoin’s price, which continues to benefit from institutional interest and ETF adoption. The ongoing inflows into IBIT underscore the growing role of traditional financial institutions in the cryptocurrency market.

ETF	Net Inflow Streak	Total Inflows	Largest Holder	Holder's Q1 Increase
IBIT (BlackRock)	20 days	$5 billion+	Goldman Sachs	+28%

Infobox: BlackRock’s IBIT ETF has seen over $5 billion in net inflows over a 20-day streak, with Goldman Sachs boosting its holdings by 28% in Q1 2025. (Source: TradingView)

Dan Tapiero: Monetary Policy Shift Could Trigger Bitcoin Rally to $180,000

Macro investor and fund manager Dan Tapiero believes that a shift in U.S. monetary policy could be the catalyst for a major comeback in Bitcoin and the broader crypto market. In an interview, Tapiero stated that Federal Reserve Chair Jerome Powell is currently holding back on policy changes, but once action is taken, it could propel Bitcoin and digital assets higher.

Tapiero emphasized the importance of liquidity from traditional finance, suggesting that even with strong fundamentals in Bitcoin and DeFi, a monetary policy shift is needed for significant price movement. He reiterated his long-standing price target of $180,000 for Bitcoin, noting that BTC is currently trading at $103,159. Tapiero also mentioned the potential for a rally close to $200,000 if his conditions are met.

“Regardless of the good fundamentals that are relating to Bitcoin, regardless of the good fundamentals relating to some of the other projects and the activity in the space, the growth of DeFi, stablecoins, even non-fungible tokens (NFTs) might be coming back a little bit, so I think you just have a little bit of liquidity from the old world come in [and] you have Bitcoin head up to my target, [which] has been $180,000 for a long time.” — Dan Tapiero

Infobox: Dan Tapiero sees a potential Bitcoin rally to $180,000, contingent on a shift in U.S. monetary policy, with BTC currently at $103,159. (Source: The Daily Hodl)

Standard Chartered Analyst: Bitcoin Price Target of $120,000 May Be Too Conservative

Geoffrey Kendrick, head of digital assets at Standard Chartered, has suggested that his previously stated Bitcoin price target of $120,000 for the second quarter may be too conservative. Kendrick’s comment reflects growing confidence among institutional analysts in Bitcoin’s upward trajectory, despite ongoing market volatility.

Standard Chartered’s bullish outlook is notable given the bank’s traditional finance background. The bank’s willingness to publish specific price targets for Bitcoin marks a shift in how established financial institutions approach digital asset valuation. Kendrick’s statement comes amid increased institutional adoption of cryptocurrencies, including the approval of Bitcoin ETFs in the U.S. and growing corporate treasury investments in Bitcoin.

“I apologise that my USD120k Q2 target may be too low.” — Geoffrey Kendrick, Standard Chartered

Standard Chartered’s Q2 Bitcoin price target: $120,000
Institutional adoption and ETF approvals cited as key drivers
Analyst sentiment increasingly bullish on Bitcoin’s prospects

Infobox: Standard Chartered’s Geoffrey Kendrick now considers his $120,000 Q2 Bitcoin price target potentially too low, signaling strong institutional optimism. (Source: Nasdaq)

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