REGULATIONS IN UNITED STATES COULD BE REASON FOR PRICE FALL AGAIN AFTER SURGE
BEST TIME TO INVEST IN CRYPTOCURRENCY?
Governments aren’t fans of cryptocurrencies as it takes money out of their tax jars and with the U.S. infrastructure bill making its way through Congress,which has created amendments regarding crypto trade, regulation, exchange and taxation. This has led a movement among crypto users namely #Dontkillcrypto to stop unnecessary regulation on cryptocurrency to keep its distinctiveness. Could this be the perfect dip to invest in?
The Republican and Democrat group that drew up the legislation was counting on the extra tax revenue generated to help pay for some of the bill’s costs, reported Bloomberg.The increased crypto tax reporting is expected to raise $28 billion over ten years. Cryptocurrency prices today were lower with the world's largest cryptocurrency, Bitcoin was trading below the $44,000 mark after surging over $45,000 level on Sunday, its highest since May 18. With crypto prices finally seeing a drop is it the perfect moment to reinvest in larger coins such as bitcoin?
Speaking of investments, you should definitely invest in high quality merchandise, we welcome you to join the CRYPTOPRENEURS community! This post is not sponsored in any way and is brought to you by our clothing brand CRYPTOPRNR! Get your high-quality CRYPTO MERCH from our website - From T-shirts to Hoodies, Mugs and even face masks - we have it all. Support us by checking it out here: