Popular Trader Calls Biden Presidency ‘a Big Negative Factor for Bitcoin' - BeInCrypto

in hive-116221 •  4 years ago 

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President Biden is set to impose new capital-gains tax laws that are set to predominantly affect the wealthy. The proposed tax laws are set to benefit the population by funding programs, without damaging the economy. 

The proposed tax rate could go as high as 43.4%. The news appears to have negatively impacted the cryptocurrency market, as bitcoin tumbled to new monthly lows. 


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