Jack Dorsey is doubling down on Bitcoin’s everyday utility. This week, the Square founder urged U.S. lawmakers to remove capital gains taxes on small BTC transactions, just as his company rolled out Bitcoin payments across its merchant network.
Backed by a proposed bill from Senator Cynthia Lummis, the move could turn Bitcoin into a real payment rail. If approved, it could bring millions of new BTC users into the ecosystem.
But while the bullish sentiment is there, the upside potential is limited. Bitcoin and Ethereum combined are worth more than most countries, making even a 2x impossible for these giants.
In contrast, DeepSnitch AI, priced at just $0.01805, combines a tiny market cap with real-time crypto intelligence tools and presale hype. This combo offers the best crypto presale upside this cycle.
Jack Dorsey pushes for tax-free Bitcoin payments as Square expands BTC integration
Square founder Jack Dorsey is calling on U.S. lawmakers to eliminate capital gains taxes on small Bitcoin transactions, arguing that it’s the key to making BTC viable as “everyday money.” The appeal follows Square’s rollout of Bitcoin payment functionality for merchants, enabling BTC checkout through its point-of-sale and online systems.
“We want Bitcoin to be everyday money ASAP,” Dorsey said Wednesday, joining a growing chorus of crypto advocates urging lawmakers to adopt a de minimis tax exemption, which would remove tax obligations on Bitcoin payments under a certain threshold.
Wyoming Senator Cynthia Lummis has already introduced such a provision in her standalone crypto tax bill. The bill proposes exempting Bitcoin transactions under $300 from capital gains tax, with an annual cap of $5,000.
The goal is to remove friction from using Bitcoin in daily purchases, as current U.S. tax law treats every BTC transaction as a taxable event.
Industry leaders like Coinbase’s VP of Tax, Lawrence Zlatkin, echoed Dorsey’s sentiment during a recent Senate Finance hearing, urging lawmakers to match the more favorable crypto tax environments found in countries like Germany, Portugal, and the UAE.
Without changes to tax treatment, experts warn the U.S. could fall behind global competitors in crypto innovation and adoption.
Top 3 breakout tokens for 2026: DeepSnitch AI, Bitcoin, and Ethereum lead the charts
DeepSnitch AI
Every cycle brings a new rug. The faces change. The scam stays the same: insiders buy early, hype the token, and dump on unsuspecting traders. Andrew Tate’s DADDY token is a textbook example.
Over 30% of the supply was acquired early, including $45 million worth of tokens held by insiders, before Tate promoted the coin on X. Newcomers walked into a trap. Price collapsed, and late buyers were left holding worthless tokens.
That’s exactly the kind of scam DeepSnitch AI is built to detect before it’s too late. Its AI agents scan smart contracts, trace wallet behavior, and flag suspicious activity before you buy. If retailers had DeepSnitch AI running during DADDY’s launch, it could have saved them from disaster.
And this protection is just one piece of the puzzle. With a presale price of just $0.01805, DeepSnitch AI offers upside that giants like Bitcoin or Ethereum simply can’t match in 2025.
DeepSnitch AI is the best crypto presale that’s still in pre-launch territory, the phase where 100x returns are still on the table, and just $100 today could turn into $10,000.
Bitcoin
Bitcoin is hovering near $112000 after a sharp pullback. trimming earlier gains but holding above key support. The broader setup still shows a potential inverse head and shoulders pattern, though confirmation now depends on reclaiming the $120K–$122K range.
Short-term signals point to a cooldown. A rising wedge suggests weakening momentum, and RSI divergence adds pressure. The Exchange Whale Ratio just hit 0.54, which means whales are moving. Long-term holders have sold over 26,000 BTC, a move that often precedes volatility.
The bigger picture still leans bullish. As long as BTC holds above $107,200, the structure remains intact. Reclaiming $126,100 could fuel the next leg higher. Until then, traders eye $117,900, $114,700, and $111,800 as key support zones before any breakout attempt.
Ethereum
Ethereum is now trading around $3,800, well below its earlier breakout zone near $4,750, as the market cools off alongside Bitcoin. Still, the broader Wyckoff structure highlighted by ZYN remains valid: the “spring” under $2,500 and clean flips of $3,880 and $4,100 into support laid solid groundwork for the next move once sentiment recovers.
If bulls reclaim the $4,200-$4,400 range, upside targets between $6,500 and $7,000 stay on the table. For now, traders are watching $3,700 as key support to keep that setup alive.
$5,000 is the level to watch. If bulls break above, $6K to $8K is in reach. And if cycle momentum sticks, even $10,000 is on the table.
The bottom line
With every crypto cycle, truly explosive 100x opportunities become harder to find, but DeepSnitch AI might be one of the last left.
It gives traders early access to the tools that will define the next market phase: real-time intelligence, on-chain alerts, and risk protection powered by AI.
Cryptocurrencies like Bitcoin and ETH are blue chips now. DeepSnitch is the best crypto presale to offer the kind of early-stage bet they used to.
Check out the website for more information.
FAQs
Why is DeepSnitch AI trending now?
It combines AI utility with meme-level virality. With 30% of the token supply going to marketing, it’s built to go viral while offering serious trading value.
Is staking available during presale?
Yes. DeepSnitch offers early staking with no lockups, no withdrawal fees, and streamed rewards.
Where can I buy DeepSnitch AI?
You can join the presale now via the official DeepSnitch AI website. Tokens are limited, and Stage 2 will increase the price.
Can Uptober impact DeepSnitch AI’s presale?
Yes. Uptober is historically one of crypto’s most bullish months. As traders look for the best crypto presale, early-stage tokens like DeepSnitch AI attract more attention.
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