Its successful rise can be attributed to a few factors, most significant of which would be institutional investors’ attention and the culture of HODLing.
Bitcoin is still substantially high compared to what it was last year, and for people who bought it when it was still trading at a four-digit price, it’s an amazing time to realize pretty hefty gains.
If this tax rate is imposed, it might spell doom for a lot of investment assets, especially crypto, where there is a higher chance of realizing robust short-term gains.
If you are planning on buying the dip, albeit via a more affordable asset, consider investing in Galaxy Digital Holdings .
And unlike other blockchain companies focused on mining and with most of the asset base dedicated to a specific job, Galaxy offers financial solutions associated with Bitcoin.
capital gain tax rate is actually raised to the proposed number and other countries start to follow suit, the next Bitcoin spike might arrive a bit later than expected.
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