This whole travel rule and MICA thing in combination with an unrealised capital gains tax on BTC holdings is IMO what is currently the greatest threat to BTC ever reaching wide adoption.
Any opinions on this?
A high enough unrealised capital gains tax can make DCA'ing that would otherwise make sense to many ordinary people mostly uninteresting or even financially entirely unviable. (These people will then be forced into the ordinary finance sector, DCA'ing ETFs instead)
And since until now only a minuscule fraction of voters hold a significant share of their wealth in BTC, political parties just aren't incentivized to oppose these taxes.
lifeisjustreplication
npub14s…h84lk
2025-02-23 11:13:45
Author Public Key
npub14s5umqdr9rcc8js76w6rf8mf2arsnr8tjwykfld4zfjwsm4m4gnsuh84lkSeen on
wss://relay.primal.netPublished at
2025-02-23 11:13:45Event JSON
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"content": "This whole travel rule and MICA thing in combination with an unrealised capital gains tax on BTC holdings is IMO what is currently the greatest threat to BTC ever reaching wide adoption.\n\nAny opinions on this?\n\nA high enough unrealised capital gains tax can make DCA'ing that would otherwise make sense to many ordinary people mostly uninteresting or even financially entirely unviable. (These people will then be forced into the ordinary finance sector, DCA'ing ETFs instead)\n\nAnd since until now only a minuscule fraction of voters hold a significant share of their wealth in BTC, political parties just aren't incentivized to oppose these taxes.\n",
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