Bitcoin will be more popular globally, Bitcoin will be accepted and regulated by more countries in the future.
Bitcoin might be accepted by more establishments in the upcoming years. Nothing more. I don't want to expect too much as there is no surprise to it. Just expect the unexpected whether it would be negative or positive
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But with bitcoin being legalized in the countries one by one there would be a problem in paying taxes, as in India the taxes on bitcoin investment profits is 30% which is the same tax slab that is being paid by the elite people who earn more than middle class here. And the main problem is that you just can't write off the losses if there are any in case of a bad investment in crypto, so this can be a big problem if you earn less as compared to the amount you invested in crypto and would have to still pay taxes on top of that too. On the other hand people were far better when government was turning a blind eye on crypto industry as a whole.Bitcoin might be accepted by more establishments in the upcoming years. Nothing more. I don't want to expect too much as there is no surprise to it. Just expect the unexpected whether it would be negative or positive
.But bitcoin being legalized comes with ample career opportunities in the country and also now starting a crypto business would be easy as compared to when it was not a legal tender.