While people keep playing LTCG, STCG, STT and other tax games in India, today the United States of America announced a Strategic Bitcoin Reserve.
The USA government officially announced owing Bitcoin.
THAT’S A BIG NEWS!
USA is not far away from buying limited 21 million supply of Bitcoin with unlimited money they print.
It’s the first big government adopting Bitcoin.
With entry of USA into this Bitcoin accumulation, the question is when does China, Russia and Europe start accumulating? Will it lead to FOMO? Will it lead to melt ‘up’ in Bitcoin price?
El Salvador, Bhutan and some middle east countries already have bought Bitcoin.
Only time will tell.
Meanwhile, India will keep levying new taxes and passing bills for accessing their citizen’s WhatsApp, email and other confidential details for ‘tax purposes.’
Anyways, kudos to the guys who outsmarted & outplayed countries and hedge funds and bought Bitcoin below $90k, way earlier than USA, hedge funds, ETFs or any other counties do.
Congrats on your big win!
