"0% Property Tax"
"0% Capital Gains Tax"
"BTC as a Legal Currency"
What else could we ask for? The country of El Salvador is telling the crypto world that it's a haven for enthusiasts!
I made a search about this country and here's what I found:
These are the beautiful aspects of El Salvador and these are enough reasons to call this country a crypto paradise.
I wouldn't be surprised to see people tweeting about moving to this country, much like Puerto Rico back in 2018. Back then, crypto whales are moving to Puerto Rico to avoid capital gains taxes. They even call it the Crypto Utopia.
There's only one special tax haven reserved for the largest of crypto whales: Puerto Rico. As an American, moving to Puerto Rico allows you to pay 0% capital gains tax, which means you'll keep all of your profits on crypto assets.
The 0% are good enough for whales to flock into Puerto Rico however, El Salvador has up this by making BTC a legal tender. As a legal currency, crypto investors will be able to frictionlessly spend their BTC on purchases of any kind.
My hope is that this move by El Salvador will start a chain effect and will motivate other countries to make BTC a legal currency as well. When this happens, the crypto will be a step closer to mass adoption.
Time will tell!
My journey to the world of crypto.
NFA: Not Financial Advice!
