I'd like more people rooting for lifting cap gains from btc 💪
My recent interview with Joe Consorti (Head of Growth at Theya and Institutional Lead at nostr:nprofile1qythwumn8ghj7cnfw33k76twv4ezuum0vd5kzmp0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyrcswcc4mymzcxw2m77d5h274psr7tnwr2u0anurjtwl8s4w0tg4watsjd4 ) just dropped.
Enjoy! 🍻
Discussion
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Absolutely. That would be preferred to a strategic reserve imho.
HODL til legal tender
Hodl till no capital gains. Legal Tender not required or desired..
Only matters if you sell :)
Buy borrow die
That is the step after this one
But speak for yourself friend, personally I plan to live forever
It might happen, blackrock, the gubbmints, and retail will be desperate for the holders to sell.
What would be the incentive that would prompt the US to lift capital gains tax for bitcoin?
What is the line of thinking that would explain that action?
MAGA? Boosts spending, economy & makes USA bitcoin capitol of world as Trump says he wants. Pairs well with a strategic reserve as it will help BTC value and pump USA bags. USA has the most BTC. Also probably helps the dollar since that is what most people would sell BTC for. All around win-win-win.
So the idea is that cap gains tax inhibits economic flow and vitality.
Remove tax and get more economic activity, which is better than less.
But doesn’t this just increase sell pressure? Keep the cap gains tax as high as you want for the next 10 years.. not planning for on selling anytime soon anyway
The selling impulse unleashed by capital gains reduction is a good point.
If cap gains are held constant then price increase remains the main driver of coin redistribution.
Eliminate cap gains on BTC or BTC goes up by 20%?
Which would you favor and why?