Strive executive: The adoption of bitcoin payments is hindered by tax policies, not scaling technology
Jinse Finance reported that Pierre Rochard, a board member of bitcoin financial firm Strive, stated that the biggest obstacle for bitcoin as a means of payment is not scaling technologies that shorten settlement times or reduce transaction costs, but rather tax policy. Rochard used a metaphor to describe bitcoin's current underutilization in the payments sector: "If the strongest athlete takes the field, he can 100% defeat the weakest athlete; but if he doesn't play and lets the weaker one win, then the win rate drops to 0%." In December 2025, the nonprofit policy advocacy organization Bitcoin Policy Institute issued a warning about the lack of a "de minimis tax exemption" for small bitcoin transactions. Due to the absence of a de minimis exemption, every time BTC is used to pay someone, it triggers a tax obligation, which severely hinders its use as a medium of exchange. Currently, U.S. lawmakers are considering limiting the de minimis exemption only to over-collateralized, dollar-pegged stablecoins—tokenized dollars backed 1:1 by fiat cash deposits or short-term government securities—a move that has sparked strong opposition from bitcoin supporters.
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