morpheus on Nostr: What does all this mean for Bitcoin? 1. For the first time ever, the Government will ...
What does all this mean for Bitcoin?
1. For the first time ever, the Government will not be openly hostile to digital assets.
2. It's likely that Banks will soon be able to custody Bitcoin. Remember Biden's Veto of SAB 121?
3. Gary Gensler is gone. Defi and crypto projects of all stripes are in. Innovation is in. Bitcoin can take center stage in this new digital asset world.
4. The unrealized gains tax is dead for at least the next four years. Tax rates are going lower, not higher. This is great for Bitcoiners.
5. We'll probably see "in kind" ETFs fairly soon. You will be able to swap your hard Bitcoin for an ETF without tax consequence in the near future.
6. The US will implement a Bitcoin Strategic Reserve. There will be modest contributions to it. Other Nations will follow suit.
7. Individual States will start their own Bitcoin Reserves. Pension funds and other Institutions will quickly get on board.
8. Tradfi will view as "coast clear" for advisor allocation. The average HNW account will be managed into 3-5% Bitcoin.
9. Interest rates worldwide will go down on the short end. If Powell doesn't comply, he will be bullied out.
10. China will print trillions to save their economy from tarrifs
1. For the first time ever, the Government will not be openly hostile to digital assets.
2. It's likely that Banks will soon be able to custody Bitcoin. Remember Biden's Veto of SAB 121?
3. Gary Gensler is gone. Defi and crypto projects of all stripes are in. Innovation is in. Bitcoin can take center stage in this new digital asset world.
4. The unrealized gains tax is dead for at least the next four years. Tax rates are going lower, not higher. This is great for Bitcoiners.
5. We'll probably see "in kind" ETFs fairly soon. You will be able to swap your hard Bitcoin for an ETF without tax consequence in the near future.
6. The US will implement a Bitcoin Strategic Reserve. There will be modest contributions to it. Other Nations will follow suit.
7. Individual States will start their own Bitcoin Reserves. Pension funds and other Institutions will quickly get on board.
8. Tradfi will view as "coast clear" for advisor allocation. The average HNW account will be managed into 3-5% Bitcoin.
9. Interest rates worldwide will go down on the short end. If Powell doesn't comply, he will be bullied out.
10. China will print trillions to save their economy from tarrifs