In Indonesia, crypto is considered a commodity, subject to a 0.1% income tax, 0.11% VAT on each transaction, along with a 0.04% fee for the national exchange.
Domestic exchanges are hoping that reconsidering crypto as securities will partially reduce the tax burden, thereby encouraging users to return to the market.
It is expected that in 2025, custody of crypto will shift from the commodity regulator to the Financial Services Authority (OJK), and it is likely that VAT will be eliminated once crypto is classified as a security. Gary Gensler loves this ๐
Bitcoin Korea Premium increased over 3% and Coinbase Premium negatively signaled a price adjustment
As the cryptocurrency market continues to take investors on a rollercoaster ride, a unique set of indicators has pointed to the possibility of a short-term correction. The focus is on Bitcoin Korea Premium and Coinbase Premium, which, when analyzed together, provide insight into the behavior of US and Korean investors in the Bitcoin market.
Historical patterns revealed
Historical chart analysis shows a consistent pattern: when Korea Premium exceeded a 3% increase and Coinbase Premium turned negative, indicating a change in investor sentiment. Specifically, it suggests that US investors are choosing to sell, while investors in South Korea are actively buying Bitcoin in a competitive manner.
BlackRock CEO Larry Fink talks about Bitcoin on FOX Business:
"If you're scared about your government, or worried that your government is devaluing your currency, then you can consider this a great long-term store of value. It's like digital gold.
... It's a ledger, but it's an international ledger, which crosses national borders. It's bigger than any government."
Bitcoin to $1.5 Million? Ark Invest's Cathie Wood Makes Epic BTC Price Prediction???
Turning to Bitcoin's price chart, the market has witnessed a steadfast ascent, with the cryptocurrency consistently finding support above the 50-day and 100-day EMAs โ a bullish signal for traders. Current movements suggest a healthy consolidation, with potential for upside continuation.
So why does Cathie Wood believe Bitcoin could reach such astronomical levels? Wood's forecast hinges on several factors. First, the growing institutional adoption positions Bitcoin not just as a store of value for encryption enthusiasts but as a tool for institutional-grade risk diversification. Bitcoin's fixed supply cap at 21 million coins starkly contrasts with the inflating supply of fiat currencies, potentially driving its value as a deflationary asset.
Bitcoin's network effect, where its value increases with the number of users and transactions on the blockchain, also bolsters Wood's prediction. Coupled with technological advancements and increased accessibility, Bitcoin's trajectory seems poised for continued growth.
Many people say that opportunity only comes to us once in our life, we absolutely cannot miss it. But in reality, we will encounter many "favorable moments" that people call opportunities throughout our lives, it's just that sometimes we don't have enough "conditions" to grasp them. .
The title is similar to the saying "when times are bad - praying in vain"
For example, you wish to buy a motorbike but your money is not enough. Just found out that today the car dealership has an interesting martial arts program, the special prize is the ring you've always wanted, this is your chance. But your knowledge is so limited that you cannot answer any question correctly. A few months later, the store had a sale on motorbikes at only 50% off, but because you accidentally spent most of your money on a fun party with friends, you couldn't afford to buy it.
The substance must be the basis is still there, the long long is still determined so that you can get what you desire but because you have not created all the conditions, it cannot be grasped. Suppose, if you were a researcher, a dedicated architect, and a reasonable spender, then perhaps a machine will soon belong to you. From there we can find opportunities that exist everywhere, it's just that each person's point production and potential is different so the results are also different.
If you don't have enough capacity, of course the opportunity will always be for someone else. It is the accumulation and cultivation of your own abilities that are the main factors that open up your opportunities. When the immediate opportunity passes, that knowledge will still be the premise to grasp the second, third,... Even if you don't see the opportunity now, it doesn't mean you won't in the future. Are not.
Absolutely do not say that the time you have been waiting for will never come, but you must act before then, then new opportunities will appear. โค๏ธ