Market Update – Calm Before The Storm?
It’s been a quiet week for Bitcoin, with little price action movement since the slight recovery after last week’s big dump. We discuss whether this is a good sign and why selling pressure easing off could result in a price increase in the near future.
Is Russia Banning Bitcoin?
It’s been a confusing week regarding Russia’s stance on Bitcoin, with the Central Bank of Russia proposing to completely ban crypto mining and trading only for this to later be rejected in favour of more regulations. We tell you everything you need to know about this topic and why it’s important for the crypto industry.
Will We Have to Pay More Taxes On Crypto?
In what could be a significant announcement in Bitcoin’s history, president Biden announced that new rules and regulations for Bitcoin and cryptocurrencies are coming soon. One of these is to raise tax on crypto, claiming to be due to their high-risk nature and the fact that there is an argument cryptocurrencies are bad for the environment. We argue the case that they are not as bad as the environment as the news suggests in episode 7 of the podcast which you can listen to HERE.
What we cover in this episode
– Market update after a quiet week for Bitcoin’s price action
– Where the market could be headed next
– Are Russia banning Bitcoin or not?
– President Biden’s announcement that more crypto regulations are coming
– Is the tax on cryptocurrencies going to increase?
– Should governments be able to regulate crypto?
Things We Mention In The Show
Ways to connect with Cryptopulse
Ways to connect with Kevin and Ben
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