An Unrealized Capital Gains Tax Would Wallop Big Stock And Bitcoin Investors
If an unrealized capital gains tax is enacted, it could have major ramifications for the economy and create a dangerous precedent.Bitcoin HODLers live by the words of the 1987 Rick Astley hit song, “Never Gonna Give You Up.” Many have held their stack for years, through steep price declines, only to see the price ratchet up to new highs every year. In contrast to short-term trading, it’s a buy-and-hold investment strategy that seems to be working. Janet Yellen doesn’t care. Treasury Secretary Janet Yellen announced on October 23 that a proposed tax on unrealized capital gains — yes, gains....
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Dutch financial authorities have revealed that the reform bill to tax unrealized gains on crypto, stocks, and other investments will be revised following criticism from lawmakers and local investors. Related Reading: Former Chainlink Exec Replaces Michael Selig As SEC’s Crypto Task Force Chief Counsel Dutch Finance Minister To Revise Tax Overhaul On Wednesday, the Minister […]
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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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 […]
The eccentric billionaire polled his Twitter followers but already had the sale planned due to tax obligations. Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings. Filings submitted on Nov. 11 to the Securities and Exchange Commission confirm the sale of more than 934,000 Tesla shares worth around $1.1 billion.Musk sold the shares at an average price of around $1,170, locking in almost 180% in gains in prices over the past year. It is just the third time Musk has sold company stock since Tesla went public on the Nasdaq in....
On-chain data shows the Unrealized Loss in the crypto market recently ballooned to $350 billion, with Bitcoin accounting for a significant part of it. Unrealized Loss Has Spiked In The Crypto Sector After Bearish Price Action In a new post on X, on-chain analytics firm Glassnode has shared the data related to the Unrealized Loss […]