Biden’s capital gains tax plan to bring cryptocurrencies to earth from the moon? By Cointelegraph

Cryptocurrencies_800x533_L_1556444856.jpg

Biden‘s capital gains tax plan to bring cryptocurrencies to earth from the moon?

There are often multiple causes for an asset to plummet, but Bitcoin’s (BTC) 10% “plummet”, which took place on April 22, can be attributed to the Biden Administration’s informed plan to tax earnings. of capital at twice the current rate of the richest in the United States. . is typically volatile, so you probably shouldn’t read too much on a double-digit swoon in any given week, but this could be as good a place as any to reflect on the potential impact of taxes on capital gains and United States taxes. in general, about the future growth of cryptocurrencies and blockchain technology. Continue reading on Coin Telegraph

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will accept no responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.