Elon Musk’s Warning About Government Spending and Unrealized Gains Tax Propos...
A warning by Tesla and Spacex CEO Elon Musk about the mounting national debt in the U.S., government spending, and the proposal to tax unrealized capital gains has highlighted the benefits of cryptocurrencies, particularly bitcoin. Elon Musk Says ‘Spending Is the Real Problem’ Tesla CEO Elon Musk made several tweets about the U.S. national debt and government spending last week. He also warned against the proposal to tax unrealized capital gains, aimed at billionaires, which was scuttled Friday amid questions about whether it would even be constitutional. ....
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According to social media buzz, the growing clash between Elon Musk and US President Donald Trump has sent ripples through the crypto world. Musk’s public swipe at a recent spending bill kicked things off. Then came Trump’s warning to yank Musk’s government contracts. It got messy fast. And now, some believe XRP could come out on top. Related Reading: Bitcoin Network Activity Booming Despite A Quiet Market—Data Elon Musk-Trump Feud Spurs Crypto Talk Musk took to Twitter on June 4 to slam what he called reckless government spending. His post warned of “serious economic risks.” Not long....
Despite being hit with three lawsuits within minutes of Trump reclaiming the presidency, Elon Musk’s Department of Government Efficiency (D.O.G.E) is officially live. And it’s bringing attention to these five presales set to 100x. D.O.G.E aims to minimize the federal budget by $2T through measures like downsizing the federal workforce and modernizing tech. However, it’s […]
Shortly before Tesla revealed its major bitcoin buy, CEO Elon Musk was pumping doge. But is that funny, or just disingenuous? The post Are Elon Musk’s Dogecoin Tweets Misdirections? Or Just Bad Jokes? appeared first on Bitcoin Magazine.
If an unrealized capital gains tax is enacted, it could have major ramifications for the economy and create a dangerous precedent.
Bitcoin has been on a tear throughout the past few weeks, with its price posting 2017-style gains as buyers take charge After reaching highs of $19,000, the cryptocurrency’s momentum began stalling and it entered yet another consolidation phase These bouts of sideways trading have been seen on multiple occasions throughout the recent uptrend. They are nearly always followed by upside One trader is noting that investors unrealized profitability has now passed that seen during the […]