Do you believe that the tax bills around the world will hurt crypto?
We all heard about people mortgaging their house to buy crypto. So how will this play out? How many will have to get out of the crypto market, globally?
At the moment I am reading Peter D. Schiff's book; The real crash, updated version. This guy is among the few that follow the Austrian economics model.
He just posted a podcast that discusses crypto currencies.
timeline
12:35 the party is over, not only in the stock market. It’s really over in the crypto currency market.
17:20 he talks about why this last crash is different
20:00 more people owning crypto are now at a loss, than how many still have a gain
26:35 Schiff talks about people will have tax problems, because they lost so much money and they don’t have enough left. Because they will not be able to pay their tax bills. And how some gambled all their retirement money.
https://schiffgold.com/key-gold-news...-stock-market/
Youtube video showing how he was correct about the 2008 crash, and the experts laughing at his warnings
https://www.youtube.com/watch?v=sgRGBNekFIw
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Johannes
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