Both the Japanese and Australian Government removes the additional Taxes on Bitcoin ownership...latest update by @news.bitcoin.com
Implications
• would these two market's actions be sufficient to enhance the opportunities for the future of potential Higher rate of Bitcoin Owning? To be honest, Its actually quite insignificant move, reasons why:
▪both the Japanese and Australian economy are considered to be one of the world's leading Debtor nation, (with Australia leading the Debt to GDP ratio of above 150% & Japan has actually been predominantly been in the longest ever "non"- recovery period since 1998).
• undoubtedly it would set a precedence and a case for other Bitcoin/Cryptocurrency adopting Countries, but the matter of fact is...would they opt to adopt the similar move?
Current Concerns
My genuine thoughts into the Cryptoverse investment vehicle option is that its traded based on the international market valuations factored by the USD$... (which to some might have noticed, has been taking a dive)... that could potentially explain why there's the recent prices demarcation action.
"Theoretically" if the #Cryptocurrency were to be traded and backed up by a Currency that has some form of Intrinsic and stable value, we could potentially be seeing the greatest wealth transfer of our lifetime. But alas, with the current status/method of trade and securitization of any Cryptocurrency available IS vs the USD, we could potentially see the Culling of what's available in the 800plus variations of Tokens and Coins available in the market.
So many other factors/economic elements could be at play to otherwise effect my current views, but NON carry a more significant and detrimental effect to the future of not only this investment vehicle but the rest of the Global Economy (extreme high volitility and geo-political uncertainties = increased USD$ volitility)
(Highly recommended that Extreme Caution be applied for the month of July-August 2017 investment outlook)
preacherofstorms
