RE: Crypto Capital Gains Could Be Costly
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Capital gains will definitely be costly as all the economies struggle to pay off all the extra spending they did. I don't foresee it going well and honestly, I don't think the economy will ever be what it is in the past. All the lockdowns plus the money going to the politicians friends just means more of the middle class and businesses got wiped out.
The only thing I am worried about is if they put in unrealized capital gains taxes as that would be devastating even for the HODLers if your on a centralized exchange.
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I am keen to see if they go after crypto because if unrealised gains are applied to other assets like homes and stocks you'll end up liquidating holders and taking the markets which is something they can scarce afford.
Crypto is still a small asset class but its the only one providing yields that could help underfunded pensions and that's why they are pushing for ETFs. I don't discount that they could still try it but the negative effects will be more than the amount of cash they can pull out of holders
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Yea but I feel like they will attempt it because they want to prop up the old system. They might start liquidating slowly and take people out. However if it can get people to rely on the government, then the backlash might be worth it in their minds.
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