BTC has risen quite a bit recently, but at a slower overall rate than in December 2017.
Given that it looks like Joe and the Ho might actually get in, I am wondering if the big rise in BTC interest is because people are using crypto to transfer or HODL their cash assets to avoid taxes. I certainly would. I think that if it is the case, then BTC price has quite a bit of upside left in it yet, and when (not if) biden tanks the economy, then BTC will be used even more.
What do you think of the recent price gains and if the prices will stay up or crash out?
Trump won the election. biden was INSTALLED, not elected. There's a difference.
You can't avoid taxes by buying and holding crypto.If avoiding taxes by buying cryptocurrencies was allowed,then everyone would buy crypto coins years ago and the crypto prices would be 10 times higher.
Biden and the democrats will probably try to slow down the massive growth of crypto,by increasing the taxes for the rich and the middle class and imposing more regulations over the financial markets.
The Bitcoin price will crash for sure,but this is completely normal.
Yes I agree with your opinion, maybe if what you say is all true then the price of bitcoin will certainly drop drastically but I don't know when it's time.