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DDCT #117 - 2/22/2022 (Pro-Bitcoin president of El Salvador to offer citizenship for foreign investors)
#Bitcoin #ElSalvador #Cardano
I'd like to welcome everyone to my new PODCAST
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/8-or-58-3rd-or-7th-what-the-experts-say-about-where-cardano-will-go/
$8 or $58? 3rd or 7th? – What the ‘experts’ say about where Cardano will go
In 2021, Cardano was the third-biggest crypto by market cap, breathing down Ethereum’s neck. However, 2022 saw it in seventh place. To that end, Finder’s panel of fintech experts came together to predict ADA’s future price performance. The final estimate was well worth a read.
A full deck of Cardano
To make a long story short, the target is for ADA to hit $2.79 by the end of 2022. It might not remind investors of Solana’s dazzling rise to $100 and beyond, but is still a 168% rally.
https://www.coindesk.com/learn/crypto-capital-gains-and-tax-rates-2022/
Crypto Capital Gains and Tax Rates 2022
According to an IRS notice published in 2014, cryptocurrencies including NFTs are classified as “property” meaning they are liable to a capital gains tax similar to stocks or “real” property.
A capital gain occurs if you sell a crypto for more than your initial investment. For instance, if you buy one bitcoin for $20,000 and sell it for $50,000, you have made $30,000 of taxable gains. In other words, if you make profit from the sale of a crypto or a non-fungible token (NFT), you trigger a taxable event in the eyes of the IRS.
https://ambcrypto.com/whales-are-counting-sheep-and-bitcoin-may-finally-be-ready-for/
Whales are counting sheep and Bitcoin may finally be ready for…
Will it or won’t it? That is the question many crypto-investors have as they wait with bated breath for Bitcoin to either cross $40,000 again or drop back to its $35,000 lows. However, not all investors are equal and there are some factors to keep in mind.
Whales are counting sheep?
Bitcoin whales with a balance of between 100 and 100,000 BTCs have not significantly risen or fallen this month. Curiously, this was in spite of drastic price changes.
In fact, one crypto-analyst suggested that the whales might be waiting for a sale so as to snap up the king coin at an even lower price. In light of Bitcoin falling below $34,000 in late January, this might not be a far-fetched idea.
https://bitcoinist.com/biden-to-issue-crypto-executive-order/
Biden To Issue Crypto Executive Order This Week – Bad News For The US Dollar?
United States President Joe Biden is poised to release a crypto executive order this week, an administration official with knowledge of the matter disclosed.
The EO will direct government agencies to conduct detailed examinations of various areas of the crypto asset landscape in order to develop an extensive regulatory framework.
https://cointelegraph.com/news/pro-bitcoin-president-of-el-salvador-to-offer-citizenship-for-foreign-investors
Pro-Bitcoin president of El Salvador to offer citizenship for foreign investors
Salvadoran President Nayib Bukele wants to offer citizenship to those who invest in the small Central American nation.
President Bukele took to Twitter to inform the crypto community on Sunday that he was sending a list of 52 legal reforms to Congress. Among the most notable proposals, Bukele called for the removal of red tape, reducing bureaucracy, creating tax incentives and, most importantly, offering citizenships to foreigners looking to invest in the nation.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
View all episodes
By Dave D#Bitcoin #ElSalvador #Cardano
I'd like to welcome everyone to my new PODCAST
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/8-or-58-3rd-or-7th-what-the-experts-say-about-where-cardano-will-go/
$8 or $58? 3rd or 7th? – What the ‘experts’ say about where Cardano will go
In 2021, Cardano was the third-biggest crypto by market cap, breathing down Ethereum’s neck. However, 2022 saw it in seventh place. To that end, Finder’s panel of fintech experts came together to predict ADA’s future price performance. The final estimate was well worth a read.
A full deck of Cardano
To make a long story short, the target is for ADA to hit $2.79 by the end of 2022. It might not remind investors of Solana’s dazzling rise to $100 and beyond, but is still a 168% rally.
https://www.coindesk.com/learn/crypto-capital-gains-and-tax-rates-2022/
Crypto Capital Gains and Tax Rates 2022
According to an IRS notice published in 2014, cryptocurrencies including NFTs are classified as “property” meaning they are liable to a capital gains tax similar to stocks or “real” property.
A capital gain occurs if you sell a crypto for more than your initial investment. For instance, if you buy one bitcoin for $20,000 and sell it for $50,000, you have made $30,000 of taxable gains. In other words, if you make profit from the sale of a crypto or a non-fungible token (NFT), you trigger a taxable event in the eyes of the IRS.
https://ambcrypto.com/whales-are-counting-sheep-and-bitcoin-may-finally-be-ready-for/
Whales are counting sheep and Bitcoin may finally be ready for…
Will it or won’t it? That is the question many crypto-investors have as they wait with bated breath for Bitcoin to either cross $40,000 again or drop back to its $35,000 lows. However, not all investors are equal and there are some factors to keep in mind.
Whales are counting sheep?
Bitcoin whales with a balance of between 100 and 100,000 BTCs have not significantly risen or fallen this month. Curiously, this was in spite of drastic price changes.
In fact, one crypto-analyst suggested that the whales might be waiting for a sale so as to snap up the king coin at an even lower price. In light of Bitcoin falling below $34,000 in late January, this might not be a far-fetched idea.
https://bitcoinist.com/biden-to-issue-crypto-executive-order/
Biden To Issue Crypto Executive Order This Week – Bad News For The US Dollar?
United States President Joe Biden is poised to release a crypto executive order this week, an administration official with knowledge of the matter disclosed.
The EO will direct government agencies to conduct detailed examinations of various areas of the crypto asset landscape in order to develop an extensive regulatory framework.
https://cointelegraph.com/news/pro-bitcoin-president-of-el-salvador-to-offer-citizenship-for-foreign-investors
Pro-Bitcoin president of El Salvador to offer citizenship for foreign investors
Salvadoran President Nayib Bukele wants to offer citizenship to those who invest in the small Central American nation.
President Bukele took to Twitter to inform the crypto community on Sunday that he was sending a list of 52 legal reforms to Congress. Among the most notable proposals, Bukele called for the removal of red tape, reducing bureaucracy, creating tax incentives and, most importantly, offering citizenships to foreigners looking to invest in the nation.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations