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Reacting to Biden’s proposal, here is a modification, tax rate indexed to holding period:
Less than 1yr: 75%
1-2yr: 35%
2-3yr: 25%
3-5yr: 15%
5-10yr: 10%
10yr+: 0%
US Gov’t would maximize tax revs where most selling occurs AND incentivize long term holders to keep it up...
#Bitcoin closed yesterday above $15K for the third day in a row. This is the first time in history that bitcoin has held this price level for 72 hours. A new record.