Crypto Assets Bull Market must be crazy this year, but retail investors should close all positions get out of the market as soon as possible.
Let's take a look at Lao Mei's attitude first:
Biden is proposing the highest Capital Gains Tax in more long than 100 years on stocks and Crypto Assets, and the top marginal tax rate on long-term capital gains and qualified dividends would rise to 44.6% under the proposal.
It is said in the news that it will affect the rate of return for Crypto Assets investors. I think this is impossible, crypto world capital is dominant, and they will never allow themselves to make less money, so pushing up the coin price is the most effective way, pushing up the coin price, so that the market is in a Bull Market state, and more long sucker will come uninvited, and the capital will still make a lot of money.
Lao Mei also enjoys it, high taxes. Therefore, retail investors should close all positions as soon as possible in the middle of the bull market, such as when Bitcoin pumps to $80,000 or $90,000, otherwise dumb buying will become inevitable.